Analysis of Donald Trump’s Potential Impact on Cryptocurrency by Bernstein Analysts
Analysts at Bernstein, led by Gautam Chhugani, evaluated the potential influence of Donald Trump on cryptocurrency as he prepares to speak at a Bitcoin conference on July 27.
Trump’s Presidency and the Cryptocurrency Sector
Bernstein analysts argued that a potential presidential victory by Trump has not yet been priced into the cryptocurrency sector. The firm highlighted the need for investors to monitor seven specific cryptocurrency stocks ahead of Trump’s speech at the Bitcoin conference.
Focus on Crypto Companies
In a research note, Bernstein emphasized a positive outlook for the cryptocurrency sector. The asset management company predicted that the improving regulatory environment and the possibility of Trump winning the US presidential elections would have a positive impact on certain cryptocurrency companies.
The report from Bernstein highlighted seven stocks in three categories that investors should pay attention to. Stocks from Bitcoin mining companies such as Riot Platforms, CleanSpark, and Marathon Digital were among those mentioned.
The Rise of Cryptocurrency Stocks
Shares that could experience an increase were highlighted in the report. Companies like Core Scientific and Iris Energy, operating in the cryptocurrency and artificial intelligence fields, were also mentioned in the report. The report emphasized the importance of monitoring cryptocurrency broker Robinhood and MicroStrategy, known for their Bitcoin investments.
MicroStrategy’s Bitcoin Strategy Praised
Analysts spoke highly of MicroStrategy’s BTC strategy. The report indicated that the technology company is actively pursuing a capital market strategy to become the largest corporate owner of BTC.
Potential Rise in Stocks Due to the Trump Effect
Analysts noted the potential for these stocks to rise due to the Trump effect. The Bernstein team, led by Gautam Chhugani, expressed that the market has not priced in the possibility of Trump resuming office in November. Analysts also pointed out a significant gap in cryptocurrency stocks.
Bernstein’s Bullish Expectations
The investment company’s bullish expectations are drawing attention. Bernstein forecasts that BTC could surpass $100,000 by the year 2025.
The prediction of a bull cycle peak at $200,000
A recent analysis suggests that the cryptocurrency market will reach a new peak with Bitcoin reaching $200,000. This prediction is based on various technical indicators and market trends that point towards a bullish cycle in the near future.
Many experts believe that the current bull run will continue, leading to new all-time highs for Bitcoin and other cryptocurrencies. Investors are advised to keep a close eye on the market and consider taking advantage of the potential profit opportunities that may arise during this period.
