Bitcoin (BTC) Could Surge to $100,000 if Trump Secures Election Win
In a bold assessment of how the upcoming U.S. presidential election could influence the cryptocurrency market, analysts from Bernstein have predicted that Bitcoin may fluctuate between $30,000 and $45,000 if Vice-President Kamala Harris claims victory. This forecast is a stark contrast to the optimistic outlook presented if Donald Trump were to win the election. At the time of writing, Bitcoin price hovers above $56,900 (BTCUSDT) on Gate.io.
Bitcoin and Elections
The report indicates that the Trump campaign has shown significantly more support for the cryptocurrency sector, embracing a pro-crypto stance that could benefit Bitcoin’s performance. “The political tone and clarity have been markedly different between the two candidates,” the analysts remarked, highlighting Trump’s outspoken ambition to make the U.S. a global hub for Bitcoin and cryptocurrencies.
Should Harris secure the presidency, Bernstein predicts a continuation of the strict regulatory challenges that have affected the crypto market in recent years. “The cryptocurrency industry has weathered a particularly difficult regulatory climate,” the analysts explained, noting that “these actions have diminished the trust of many in the crypto space, further politicizing the issue.”
On the other hand, a Trump win could significantly drive Bitcoin prices upward, with Bernstein projecting a possible surge into the $80,000-$90,000 range by the end of the fourth quarter under such a scenario. The analysts emphasize that a crypto-friendly election result, coupled with a supportive regulatory environment, has yet to be factored into current market prices.
Beyond Bitcoin, the report touches on the wider potential impacts of the election on the crypto space, suggesting that a favorable regulatory framework could foster innovation and draw institutional investors back to blockchain-based financial services. Bernstein has remained consistent in its assessment that Trump’s potential victory would be a major boost for Bitcoin. Last month, the firm attributed Bitcoin’s sliding price in part to Harris gaining ground in national polls.
Trump’s Love for Crypto
Donald Trump is seen as more crypto-friendly than Kamala Harris for several reasons, largely based on his campaign promises and recent shift toward supporting digital assets. Trump has made clear his opposition to the stringent regulatory approach of the Biden administration, especially under SEC Chairman Gary Gensler, whose aggressive stance toward crypto businesses has been a point of contention for the industry. Trump has proposed removing Gensler and replacing him with a more crypto-friendly figure, which would likely ease regulatory burdens on the crypto sector.
Trump’s promises include establishing a presidential advisory council on cryptocurrency and even creating a national Bitcoin reserve, showing his intent to position the U.S. as a leader in the crypto space. He has also opposed the creation of a Central Bank Digital Currency (CBDC), claiming it threatens the decentralization that cryptocurrencies like Bitcoin offer. His stance appeals to Bitcoin miners and crypto advocates who are wary of government control over digital assets.
On the other hand, Kamala Harris has been more cautious and less vocal about her stance on cryptocurrencies. As part of the Biden administration, she has been associated with a more regulatory approach to the sector, which has led to some friction with the crypto community. Although Harris has taken steps to engage with the industry, including meetings with top crypto firms, she has not made any strong public commitments that match Trump’s bold pro-crypto rhetoric. Her campaign is starting to reach out to crypto leaders in an effort to balance innovation with regulatory oversight, but many in the crypto community remain skeptical about her approach.
BTC Price Prediction 2025
Naturally, predictions for Bitcoin’s price in 2025 vary widely, but many experts agree on a significant upward trend. Analysts point to several factors driving this optimism, including historical post-halving cycles, increased institutional adoption, and the growing recognition of Bitcoin as a store of value. Some forecasts suggest that Bitcoin could reach as high as $200,000 by late 2025, fueled by bullish sentiment following the 2024 halving event, which historically has led to substantial price increases approximately 18 months after each halving.
Other experts, such as those at Standard Chartered, propose more conservative targets of around $125,000 to $150,000 by the end of 2025. They emphasize the role of macroeconomic conditions, including inflation and central bank policies, which could influence investor appetite for Bitcoin as a hedge against traditional financial instruments.
More optimistic predictions place Bitcoin’s potential peak near $249,000, driven by long-term trends such as institutional investments and global regulatory clarity. This would represent a substantial increase from its current value, highlighting the cryptocurrency’s potential to become a key player in global finance.
However, all predictions stress the inherent volatility of the cryptocurrency market, and external factors like regulatory changes or unforeseen global economic shifts could affect Bitcoin’s trajectory.
