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Trump Victory Could Drive Bitcoin Up to US$90K This Yr, Says Bernstein
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If Republican presidential candidate Donald Trump wins the US election in November, Bitcoin is expected to hit new highs later this year and could reach US$90,000 by 4Q, according to a report released by broker Bernstein. If Democratic candidate Kamala Harris wins the election, the cryptocurrency is expected to break below US$50,000 and could test the US$30,000-40,000 range, the report added. Trump has been emphasizing the need to establish the US as the Bitcoin and cryptocurrency capital of the world, and has touched crypto assets in every one of his policy speeches, Bernstein noted. In contrast, Harris has not even mentioned cryptocurrencies in any of her speeches. According to CoinDesk, Bitcoin last printed at US$57,005.59, up 3.53%, while Ethereum swelled 1.88% to US$2,351.1. AAStocks Financial News |
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