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What to Expect in Bitcoin and Altcoins After Donald Trump’s Election? Analysis Company Explained

Author: Content Editor
Bernstein, a research and brokerage firm, believes that the regulatory landscape for Bitcoin is changing positively following Donald Trump's victory in the US presidential election. They expressed optimism about the potential for a more "crypto-friendly" Securities and Exchange Commission (SEC) Chairman and Senate Banking Committee that could accelerate regulatory clarity. The current SEC Chairman, Gary Gensler, has taken an aggressive approach towards the industry, but Bernstein predicts that Trump's promises to reform policies and his potential influence over regulatory appointments could lead to a more favorable environment for cryptocurrencies. The firm expects faster legislative progress on stablecoin and market structure bills and predicts progress in defining crypto regulations for a broader range of digital assets. Bernstein also reiterated its bullish outlook for Bitcoin, with a price target of $90,000 by year-end and a cycle top of $200,000 by the end of 2025 under Trump's presidency.

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