Bernstein analysts: “Bitcoin to be both $90,000 and $40,000”

Analysts at Bernstein, which has more than $750 billion in assets under management, once again expressed two different scenarios for Bitcoin. Stating that if Donald Trump emerges victorious from the US elections, the largest cryptocurrency could rise between $80 thousand and $90 thousand, analysts stated that if Kamala Harris comes to power, they expect a big decline, albeit short-term.

Bernstein analysts: “Bitcoin to be both $90,000 and $40,000”

Bernstein analysts, who have previously drawn two separate scenarios like black and white for Bitcoin many times, stated that they stand behind their reports. Analysts predicted that if Trump wins the election, the largest cryptocurrency will go to $80 thousand to $90 thousand, and if Kamala Harris wins, it will go to $40 thousand.

There is an increase after Elon Musk

As it is known, at the weekend, the famous businessman Elon Musk attended Trump’s rally in Pennsylvania, where he once again reiterated his support. After this rally, Trump was ahead of Kamala Harris on paid betting sites.

However, it is worth reminding that the realism of such political betting sites such as Polymarket and Kalshi in the US is also discussed. In a poll released by Reuters yesterday, Kamala Harris’ superiority (around 2%) was noteworthy.

Analysts, who repeated that they expect a decline in the short term if Harris wins, wrote that they are of the opinion that an upward movement will begin once again in the later period.

“It won’t be clear until November 5”

In the report shared by Gautam Chhugani, Mahika Sapra and Sanskar Chindalia, it was stated that the price movement is expected to remain within a certain range until the election on November 5.

Yesterday, analysts at the major British bank Standard Chartered also wrote that they expected a sharp rise in Bicoin if Trump won.

Bitcoin is trading around $62,200 in the minutes the news was written.

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