The usual scenario is in the last quarter of this year crypto- currencies will rise. However, there are those who think differently. Considering the pressure Biden has put on the crypto industry in the past years, this (big decline) does not seem impossible because the issue is the US elections. Bernstein analysts announced price targets based on the winner.
US Election and Bitcoin
The presidential election in November will significantly affect cryptocurrencies. This is quite normal considering Biden’s ongoing pressure on the crypto industry for years and Trump’s exciting promises. The impact of the election on prices is related to regulatory pressure and two different attitudes towards regulations that we may see depending on the election result. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
If Trump wins, the Fed will accumulate BTC in its reserves for years, Gensler will be fired, clear rules will be established, and crypto will become even more legitimate. However, if Harris wins, the Biden administration’s current stance is likely to continue. Indeed, for years Kamala Harris the second person in the management, the Vice President.
Polls show Harris ahead 43% to 48%. Crypto prediction platforms Trump Although he is ahead of him by 7 points, Reuters polls reflect the realities of life more clearly. Tomorrow, Trump and Kamala will face off on a debate show and will inadvertently announce to the voters with their performances who will win the election.
US Election and Bitcoin Target
Bernstein analysts have signaled what we will see in the next 48 hours by announcing their price targets based on the presidential election result. The performance of the candidates in tomorrow’s debate program could cause the BTC price to move to one of the two extremes targeted between today and November.
So what are the analysts’ Bitcoin price targets for the US Presidential election? According to the report, if Kamala Harris wins the election, Bitcoin (BTC) will rise due to the reasons we mentioned in the first section. 
$55,278.30 The price may make a new test in the $30,000 to $40,000 range. However, in the scenario where Trump takes office, the target is $80,000 to $90,000 for the last quarter.
Analysts also wrote in their assessment last month that the BTC decline was related to Harris’s lead in election polls. Tomorrow’s candidate performances could cause the price to rehearse one of these two extreme targets. Perhaps Harris will announce promises that could rival Trump on crypto with just a few months left until the election? But what good will it do for her to adopt a policy opposite to Biden while leading the election?
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
