Trump Expectation in Bitcoin! Bernstein Analysts Share BTC Forecast!

Assassination attempt on Donald Trump over the weekend Bitcoin and continues to be the hot agenda of the cryptocurrency market.

After the attack failed BTC and the crypto market is on the rise Bernstein An assessment came from analysts.

Analysts stated that the Trump incident will provide positive benefits to Bitcoin miners and said that miners will see the Goldilocks scenario.

According to The Block, Bernstein analysts in a recent report noted a potential Goldilocks scenario for Bitcoin mining following the Trump attack.

The Goldilocks scenario is a term often used to describe optimal economic conditions with stable growth.

Led by Gautam Chhugani and Mahika Sapra Bitcoin mining stocks, which have been experiencing sideways price action for weeks following the failed assassination attempt on former US President Donald Trump at a rally in Pennsylvania on July 13, are expected to open positive on Monday, Bernstein analysts said.

Analysts interpreted Trump’s victory as more positive for cryptocurrencies, given Trump’s pro-Bitcoin statements in recent months and the Biden administration’s regulatory crackdown on the sector.

Analysts also argued that the Bitcoin price tends to increase with the possibility of Trump’s presidency, and “Bitcoin price is positively correlated with Trump’s likelihood of becoming president and will remain sensitive to election updates.” said.

The price of Bitcoin initially fell when the assassin’s bullet hit Trump in the ear and he fell to the ground. However, it rose when the former President stood up and raised his fist in the air. Bitcoin then rose to over $63,000.

Bernstein analysts recently reiterated that they expect Bitcoin to reach $200,000 by the end of 2025, $500,000 by the end of 2029, and $1 million by the end of 2033.

*This is not investment advice.