Bernstein predicted that Bitcoin would reach $70,000 in February and made a price prediction for the US elections.
Research and brokerage firm Bernstein evaluated how the crypto market will shape after the US elections. Bernstein analysts predicted that the price of Bitcoin (BTC) could reach $200 thousand by the end of 2025. Analysts stated that BTC will gain short-term mobility as a result of the US elections.
Bernstein analysts predicted that BTC would reach $70 thousand in February. After the analysis in question, the BTC price rose above 70 thousand dollars twice.
Bernstein, who was appreciated for his successful analysis, touched upon the effects of Kamala Harris and Donald Trump on the crypto market.
Bernstein: Bitcoin will be 200 thousand dollars
Bernstein stated that if Harris wins the election, the Bitcoin (BTC) price may drop to 50 thousand dollars. Analysts predicted that Trump’s election victory would price BTC between $80,000 and $90,000.
According to Bernstein, Republican candidate Trump is seen as a crypto-friendly figure. On the other hand, Harris stands out as a candidate who can continue the Democrats’ harsh stance towards the crypto market.
Bernstein claimed that Harris’ outcome would not be as bad as expected. According to analysts, although Harris’ victory may cause a short-term decline in the crypto market, the bull run will continue in the long term.
Analysts state that the most important factors that trigger the price increase of BTC in the long term are the amount of debt reaching record levels in the USA and monetary expansion policies. The positive course of spot Bitcoin ETFs traded in the USA also supports the upward trend of BTC.
In the report published by Bernstein, the following statements were made:
“The Bitcoin genie is now out of the bottle and it is difficult to reverse this trend. “Regardless of election results, our Bitcoin price target for the end of 2025 is $200,000.”
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