The United States presidential elections are leaving the Republican Party candidate, Donald Trump, as the winner
Unless something extraordinary happens and changes things, The trend with the vote count already seems irreversibleas seen in the following image:
The results of the presidential elections in the United States are becoming known. Source: Google.
The so far winner of the electoral contest, Donald Trump, is seen as the pro-Bitcoin/” target=”_blank” rel=”noreferrer noopener”>bitcoin and cryptocurrencies.
As CriptoNoticias reported days ago, Bernstein, a company specialized in research and execution of global stock transactions, has recently updated its prediction on the price of bitcoin (BTC) in the event that Trump wins this electoral race.
Bernstein specialists project that, with this result in the world’s main financial power, The price of bitcoin could reach $90,000 in the coming weeks. In addition, they assure that it will go to $200,000 in 2025.
Let us remember that donald trump has made several promises related to bitcoin and cryptocurrencies. Among them is creating a strategic national reserve of BTC. He also announced that he would promote regulations that favor Cryptocurrency Mining on US territory.
Bernstein highlights that the “bitcoin genie has come out of the bottle and it is difficult to reverse this course,” suggesting an upward trajectory for the digital asset. Trump’s victory is expected to be a major catalyst for this price increase.
In this context, at the time of publication of this note, The price of bitcoin is marking a new all-time highas seen in the following image:
Historical bitcoin price chart. Source: TradingView.
Although there are high expectations, it cannot be ruled out that in the coming hours and days bitcoin will have high volatility that could even cause some price drops.
Clarification: This article is written for informational purposes, it is not financial advice or an investment recommendation. Each investor is responsible for conducting his or her own research.
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