Bernstein Predicts Bitcoin Will Hit $200k by 2025 Regardless of US Election Outcome

Renowned research and brokerage firm Bernstein has predicted that Bitcoin will trade at $200,000 by the end of 2025, regardless of the US election outcome. In a client report on Monday, the firm insisted that Bitcoin trading at the six-figure target is well on its way to fruition and is independent of who becomes the next US president.

Gautam Chhugani, Bernstein’s lead on crypto assets, cited reasons for this assertion, which included an ever-increasing US debt, growing demand for a financial vehicle with hedge characteristics, and incessant inflows from the US Bitcoin spot exchange-traded funds (ETFs).

Notably, the brokerage firm called a similar Bitcoin price in October. Bernstein noted that the premier asset would hit $200,000 by the end of 2025, stating that the assertion was conservative.

Fresh Perspective on a Kamala Harris Win

Chhugani reiterated his earlier stance that the market would react differently to the outcome of the November 5 elections. The analyst stated that a win for Republican candidate Donald Trump would spur a break above Bitcoin’s current all-time high of around $74,000 to trade between $80,000 and $90,000.

However, Chhugani lightened his expected market impact if Democratic nominee Kamala Harris won. The market expert changed his Bitcoin price expectations from between $30,000 and $40,000 to $50,000.

Notably, the disparity was due to the candidates’ different dispositions towards digital assets. Trump has been more proactive about the nascent industry, publicly discussing how he aims to support the innovation. On the other hand, Harris barely endorsed the sector, raising skepticism about her stance.

Analyst Makes Exception for Bitcoin

Meanwhile, Bitcoin is the only crypto asset Chhugani exempted in his bullish prediction, regardless of the US election. The Bernstein analyst noted that the performance of assets like Ethereum and Solana would depend on who emerges as the winner after the Tuesday elections.

Chhugani insinuated that the regulatory uncertainty hovering around most other crypto assets would continue to impede their growth. However, the emergence of a pro-crypto candidate or bipartisan crypto adoption will foster substantial uptrends in altcoins.

Notably, this correlates with earlier assertions from Standard Chartered’s head of crypto assets research, Geoff Kendrick. The seasoned expert predicted that altcoin kings Ethereum and Solana would outperform bitcoin if Trump wins, predicting fourfold and fivefold returns for them, respectively.