Bitcoin eyes $90K with Trump win but could fall to $50K under Harris

“Bitcoin remains the most resilient within crypto to election outcome,” according to a report by Bernstein analysts, which suggests that Bitcoin’s (CRYPTO:BTC) value could experience notable shifts depending on the upcoming U.S. presidential election results.

The global investment firm indicates that if former President Donald Trump wins, Bitcoin might reach a new all-time high, ranging between $80,000 and $90,000 in the coming weeks. 

However, if Democratic candidate Kamala Harris prevails, the asset could see a short-term decline, potentially dropping to $50,000.

“The Bitcoin genie is out of the bottle, and it is hard to reverse this course,” the report adds, emphasising Bitcoin’s enduring growth potential.

The analysts—Gautam Chhugani, Mahika Sapra, and Sanskar Chindalia—project that Bitcoin could reach $200,000 by the end of 2025, regardless of the election's outcome. 

Bernstein had previously described this $200,000 forecast as “conservative,” signaling a strong belief in Bitcoin’s upward trajectory.

The report further points out that Bitcoin’s rise may be bolstered by the success of U.S. Bitcoin exchange-traded funds (ETFs), which were approved in January. 

These ETFs have attracted significant interest from institutional investors, reportedly bringing in over $20 billion since their launch.

In addition, Trump’s pro-crypto stance, particularly his advocacy for U.S. Bitcoin mining, could further shape the asset’s future. 

“We believe this could be an important tailwind for the mining sector,” Bernstein noted, highlighting Trump’s call for the U.S. to dominate global Bitcoin production.

With growing institutional support and political influences, Bitcoin's price remains positioned for potential growth, despite initial volatility tied to the election outcome.

At the time of reporting, the Bitcoin (BTC) price was $68,892.58.