Bitcoin Hits $90K With Trump Win—But Falls to $50K If Harris Prevails: Bernstein

The That’s per a new report by analysts at the global investment firm. Either way, this would be short-lived, the Bernstein team argued. “In our view, Bitcoin remains the most resilient within crypto to election outcome,” the report read.“The Bitcoin genie is out of the bottle, and it is hard to reverse this course,” it continued, adding that the firm still projects that the asset will hit $200,000 by the end of 2025, regardless of who wins the election. Bernstein analysts said earlier this month that Bitcoin hitting $200,000 per coin before 2026 was a “conservative” estimate.The team reasoned that Bitcoin exchange-traded funds (ETFs) in the U.S.—approved in January—have been such a huge success. The new funds have opened the floodgates to capital from institutional investors, with the products collectively raking in well over $20 billion in fresh assets since launch.Ex-President Donald Trump has come out as explicitly pro-crypto this year, saying he wants all future Bitcoin to be minted by American miners.The billionaire businessman also has released a Bitcoin nearly Edited by Andrew Hayward