PANews reported on November 4 that according to The Block, analysts at research and brokerage firm Bernstein predict that regardless of the outcome of the U.S. election on Tuesday, Bitcoin's price target will reach $200,000 by the end of 2025. Compared with the hawkish stance taken by the Democratic Party on cryptocurrencies over the past four years, Republican Trump is seen as a candidate who supports cryptocurrencies, and Harris is likely to continue this stance.
Bernstein analysts said neither candidate’s victory is priced in. They reiterated their forecast for Bitcoin to break its all-time high of nearly $74,000 and reach $80,000 to $90,000 in the run-up to Trump’s Jan. 20 inauguration. However, they said if Harris wins, Bitcoin could fall to $50,000 in the same period before recovering, higher than their previous forecast of a $30,000 to $40,000 range for that scenario.
