The usual scenario suggests that cryptocurrencies will rise in the last quarter of this year. However, there are differing opinions. Considering the pressure Biden has exerted on the crypto industry in recent years, a significant drop doesn’t seem impossible because it’s about the US elections. Bernstein analysts have announced their price targets based on the winner.
US Election and Bitcoin
The Presidential election in November will significantly impact cryptocurrencies. Given Biden’s ongoing pressure on the crypto industry and Trump’s exciting promises, this is quite normal. The effect of the elections on prices is related to two different attitudes we might see depending on the election outcome concerning regulatory pressure and regulations.
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 current stance of the Biden administration is likely to continue. After all, Kamala Harris has been the second person in the administration, the Vice President, for years.
Polls show Harris leading with 48% against 43%. Although Trump leads by 7 points on crypto prediction platforms, Reuters polls reflect the realities of life more clearly. Tomorrow, Trump and Kamala will face off in a debate program, unintentionally announcing to voters who might win the election with their performances.
US Election and Bitcoin Target
Bernstein analysts, who announced price targets based on the Presidential election outcome, also signaled what we might see in the next 48 hours. The candidates’ performances in tomorrow’s debate program could cause the BTC price to move towards one of the two extremes targeted for November.
So, what are the Bitcoin price targets tied to the US Presidential election according to analysts? According to the report, if Kamala Harris wins the election, the Bitcoin (BTC) 
$61,438 price could test the range of $30,000 to $40,000 due to the reasons mentioned in the first section. However, if Trump takes the seat, the target for the last quarter is between $80,000 and $90,000.
Analysts had also written in their assessment last month that the BTC drop was related to Harris leading 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 can rival Trump on crypto a few months before the elections? But what benefit will it bring her to adopt a policy opposite to Biden’s while leading the elections?
