Bitcoin Price Forecast: The Impact of U.S. Elections

🟡Gautam Chhugani, senior crypto assets analyst at Bernstein, has predicted that the U.S. presidential election results will not affect Bitcoin’s long-term outlook. He believes that Bitcoin’s growth to $200,000 by the end of 2025 is almost inevitable.

🟡According to Chhugani, rising U.S. debt, poor monetary policy decisions, and growing demand from American spot ETFs will drive Bitcoin toward this target price of $200,000. A victory for Republican candidate Donald Trump could push Bitcoin beyond its current all-time high of around $74,000, leading it to trade between $80,000 and $90,000. However, a win for Democratic candidate Kamala Harris would likely result in a milder market response.