Odaily Planet Daily News Bernstein analysts reiterated their prediction that Bitcoin prices could reach $80,000 to $90,000 if Donald Trump wins the presidential election next month. While analysts expect Bitcoin to perform well in the long term regardless of the outcome, they say Bitcoin could test the $40,000 range again if Kamala Harris wins. Trump has repositioned himself as a pro-cryptocurrency candidate this year - accepting cryptocurrencies as campaign donations and outlining policies such as turning the United States into a Bitcoin mining "powerhouse", appointing a cryptocurrency-friendly SEC chairman, and establishing a national strategic Bitcoin reserve. In contrast, Harris, who until recently had not mentioned cryptocurrencies in any speeches or policy statements, made broader comments last month, saying she would encourage cryptocurrency businesses while protecting consumers, that the United States should "dominate" the blockchain field, and that digital assets are part of her vision of an "opportunity economy." While Bernstein analysts believe that Bitcoin will perform well in the long term regardless of the outcome against the backdrop of low interest rates, continued U.S. fiscal deficits and unprecedented debt levels, the short-term reaction to the election could be substantial. (The Block)

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