As Republican candidate for the US presidential election, Donald Trump kept extending his gap with Democrat candidate Kamala Harris, the grin on the face of Bitcoin investors could easily turn broader and broader. For, experts have predicted that the price of Bitcoin, the most prominent of crypto assets in the world, which recently climbed down are likely to surge since Trump is known to be ‘pro-crypto’.
Analysts at a research firm on Wall Street have precited that Bitcoin prices are almost certain to surge if Donald Trump triumphs over Kamala Harris, the US business magazine Forbes has reported. And a Trump win is looking increasingly likely on the morning of November 6.
How much will Bitcoin be worth in 2030
Forget 2030, Bernstein analysts have said that the price would zoom from the current level of $68,000 to $200,000 if Donald Trump wins. Gautam Chhugani, an analyst with Bernstein, said that the US presidential elections will cast a “short term impact on crypto sentiment”. He also forecast and said that the price of this cryptocurrency that has become almost generic with cryptocurrency could breach the $80,000-$90,000 level over the next two months. The price of Bitcoin is now around $68,000 after sliding down from $73,000, where it was ruling last week (beginning October 28).
Where would Bitcoin prices go if Kamala Harris wins
The Bernstein expert also predicted that if Kamala Harris win the race to the White House, Bitcoin prices could even drop to the level of $50,000. Incidentally, this will involve a crash of 25% from the price level of November 4, 2024. One of the reasons of the Bitcoin prices being inversely linked to the prospect of a Democrat victory in the elections is due to the fact that the incumbent Joe Biden eager to regulate the cryptocurrency industry.
Future of Bitcoin prices by end of 2025
However, according to Bernstein experts, Bitcoin has a bright prospect and they expect the price to rally to $200,000 levels by the end of 2025, irrespective of which party wins the US elections. According to their description, the Bitcoin is akin to a genie out of the bottle. One of the drivers is the ETFs (exchange-traded funds) in this domain.
Another expert Geoff Kendrick from Standard Chartered also predicted that Bitcoin prices would reach $125,000 if Donald Trump wins but would crawl upwards to $75,000 by the end of 2024 if Harris vanquishes Trump. The Republican candidate was endorsed by Marc Andreessen, Cameron Winklevoss and Tyler Winklevoss, who are leaders in the crypto asset industry.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares, cryptocurrency or subscriptions of any IPO and Mutual Funds.)
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