The assassination attempt against Donald Trump over the weekend continues to be the hot agenda of the Bitcoin and cryptocurrency markets.
While BTC and the crypto market were on the rise after the attack failed, an assessment came from Bernstein analysts.
Stating that the Trump incident will positively benefit Bitcoin miners, analysts said that miners will see the Goldilocks scenario.
According to The Block, Bernstein analysts stated in a recent report that there would be a potential Goldilocks scenario for Bitcoin mining in the wake of the Trump attack.
Goldilocks scenario is a term often used to describe optimal economic conditions with stable growth.
Bernstein analysts led by Gautam Chhugani and Mahika Sapra said they expect Bitcoin mining stocks, which have been experiencing weeks of sideways price movements following the failed assassination attempt on former US President Donald Trump at a rally in Pennsylvania on July 13, to open positive on Monday.
Analysts interpreted Trump's win as more positive for cryptocurrencies, considering Trump's pro-Bitcoin statements in recent months and the Biden administration's regulatory crackdown on the sector.
Analysts also argued that Bitcoin price tends to increase with the possibility of Trump becoming president and said, “Bitcoin price is positively correlated with the possibility of Trump becoming president and will remain sensitive to election updates.”
Bitcoin price initially fell when the assassin's bullet landed in Trump's ear and fell to the ground. However, it took off when the former President stood up and pumped his fist in the air. With the rise that started after Bitcoin, it exceeded $ 63,000.
Bernstein analysts recently reiterated that they expect Bitcoin to reach $200 thousand by the end of 2025, $500 thousand by the end of 2029 and $1 million by the end of 2033.
*This is not investment advice.