US Election 2024: How Bitcoin could react to a Trump or Harris victory
Bitcoin prices, currently hovering around $68,000.
The volatility in the cryptocurrency market could see Bitcoin soar or plummet, depending on whether former President Donald Trump or Vice President Kamala Harris emerges victorious.
Gautam Chhugani, leading the research at Bernstein, emphasized that the election is poised to have a short-term impact on cryptocurrency sentiment.
Following a recent peak of over $73,000, Bitcoin’s current price reflects the market's cautious optimism as it anticipates the election's outcome, as mentioned in a report by Forbes.
Trump’s Pro-Crypto Stance
Chhugani projected that if Trump secures a win, Bitcoin could potentially surge to between $80,000 and $90,000 within the next two months. This upward movement would break the previous all-time high of approximately $73,800 recorded in March.
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