In a recent analysis from the $725 billion asset management firm Bernstein, Bitcoin may reach unprecedented levels if Donald Trump secures the U.S. presidency again in 2024.

The firm projects Bitcoin could surge to $90,000, significantly exceeding its previous all-time high of $73,000, which was set earlier this year.

This prediction is rooted in Trump’s pro-crypto stance, with his administration promising a more favorable regulatory environment for cryptocurrencies. Trump has also hinted at establishing Bitcoin as a key strategic reserve asset​.

On the other hand, if Kamala Harris were to win, Bernstein warns that Bitcoin could fall to as low as $30,000 due to her administration’s less enthusiastic stance on cryptocurrencies. Harris’s lack of clear crypto policy leaves many in the industry concerned about future regulatory headwinds.

This significant market reaction highlights the impact the 2024 election could have on the cryptocurrency space, with Trump’s victory seen as a potential game-changer for Bitcoin and the broader industry.

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