Cryptocurrency analysts are confident that bitcoin will rise to 80 thousand if Trump wins

Experts at Bernstein have suggested that the price jump of the first cryptocurrency will be driven by an increase in the chances of Donald Trump becoming president of the United States again after the November 4 election. Bernstein noted that the bitcoin rate could reach $ 80,000-$ 90,000 if Republican candidate Donald Trump wins the presidential election in November.

«Despite the fact that both candidates declare their support for digital assets, the bets on the cryptocurrency market are stronger amid Trump’s success in the presidential race,» experts commented on the rise in bitcoin’s value.

MicroStrategy shares are also an important indicator of a possible bullish breakout. Since the beginning of the year, the company’s securities have risen by 191%, while bitcoin has increased by 55%. The company’s stock price peaked in March this year and, unlike the first cryptocurrency, its value continues to grow, analysts said.

«MicroStrategy took advantage of the low prices by issuing shares and convertible debt to replenish reserves in the first cryptocurrency and was rewarded for it,» Bernstein said.

They pointed out that the steepening of the US government bond curve is increasing. This is an indicator of rising volatility and increased demand for bitcoin and other digital assets.