Bitcoin Price Estimates Rise: Bernstein Sees $50K for Harris, $80-90K for Trump

• Bernstein analysts predict Bitcoin will reach $200,000 by the end of 2025, regardless of the US election outcome.

• The price increase is expected due to rising US debt, monetary challenges, and demand from US-based Bitcoin ETFs.

Bernstein analysts have projected a strong outlook for Bitcoin, expecting it to reach $200,000 by the end of 2025, regardless of the result of the US presidential election. According to Gautam Chhugani, Bernstein’s senior analyst for crypto assets, this price is almost “programmed” for Bitcoin and not necessarily determined by the current political situation.

Chhugani has noted that the anticipated rise of Bitcoin is rooted in certain financial and economic factors that are beyond politics. According to the analyst, the drivers of the gains include the rising US national debt, the issues with US monetary policy, and the expanding demand for US-based physical Bitcoin ETFs. “The Bitcoin genie is out of the bottle, and it is hard to reverse this course,” he stated, underscoring Bitcoin’s growing momentum.

Bernstein’s recent forecast is in line with other financial institutions, like Standard Chartered, which also expects Bitcoin to hit $200,000 by 2025. Geoff Kendrick, the head of digital assets research at Standard Chartered Bank, has also chimed in on this saying that Bitcoin growth will go on regardless of the political climate. Both analysts have also agreed that the increasing interest rate set by the Federal Reserve and the entry of institutional investors will be the key to pushing Bitcoin prices higher.

Anticipated Short-Term Volatility

Bernstein also noted that the 2025 outlook is still solid but warned of near-term fluctuations due to the election results. Chhugani stated that a victory for Republican candidate Donald Trump could trigger a short-term rally and may surge the price of Bitcoin to $80,000 – $90,000 from its previous all-time high of $74,000. 

Earlier, he predicted that if the Democratic nominee for the presidency, Kamala Harris, won, the price of Bitcoin would range between $30,000 to $40,000, but now, with an improved outlook, he expects it to stay within the $50,000 range before a gradual rise towards 2025.

Chhugani’s comments come at a time when the political environment is rather charged. The recent tightening of the odds between Trump and Harris has introduced more volatility into the market forecasts, with cryptocurrencies responding to changes in polling. For instance, the price of Bitcoin fell to $68 000 and later recovered to about $69 000, but it has continued to trade 6.1% lower than the previous week’s high of $73 544.

Bitcoin Leads the Crypto Market

Bernstein’s prediction supports the overall bullish trend in the Bitcoin market, with key industry players claiming that Bitcoin is set to carve out new record highs. While Bitcoin is the most regulated of major cryptocurrencies, Ethereum and Solana face more challenges in the realm of regulation. 

Chhugani said that their price performance will depend on the US Securities and Exchange Commission (SEC) and may be affected by the upcoming election. Similar sentiments about the growth of Bitcoin can be heard from different corners of the industry. Swan Bitcoin chief operating officer Steve Lubka estimated the price could reach $100,000 by 2025 but concurred that the underlying factors are favourable for further appreciation. 

Bernstein analyst Valentin Fournier has maintained a bullish view on cryptocurrency in the short term and expects BTC prices to climb further by year-end. He says that the recent pullback can be seen as profit-taking and partial withdrawal of ETF money, which should see a reversal and possibly push it to new highs in the following weeks.