$725 billion asset management firm Bernstein has turned quite a few heads with its bullish Bitcoin price prediction.
It projects that the Bitcoin price could skyrocket to $90,000 in the aftermath of a Trump victory.
BTC is already showcasing considerable strength to start the week and is back to trading at $56,500 with a 4% bounce.
If Bernstein is to be believed, the crypto market is on the cusp of a major bull run, especially as the odds of a Trump victory continue to soar.
Smart money investors are already gearing up for this scenario, stacking high-potential meme coins. Indeed, coins like Dogecoin, Pepe and Pepe Unchained are in high demand, with experts backing them as some of the best cryptos to buy right now.
Could Donald Trump Win The US Presidential Elections?
The race for the White House between Donald Trump and Kamala Harris is expected to be a tipping point for the crypto industry.
The Republican is the clear pro-crypto candidate in the upcoming US Presidential elections, despite Harris’s efforts to separate herself from President Joe Biden’s anti-crypto stance. Trump’s promise of firing SEC Chairman Gary Gensler on day one and establishing a Bitcoin Strategic Reserve have made him the industry’s favourite.
Therefore, it isn’t a surprise that Bernstein projects the Bitcoin price to soar to $90,000 in the event of a Trump victory.
And, as the race currently stands, this scenario looks extremely plausible.
The latest New York Times/Siena polling has created waves in the US political landscape, considering it gives Trump a one-point lead to win the popular vote, and a nearly 100% probability to win the electoral college.
Meanwhile, the Nate Silver model – which takes an aggregate of all polling data – is giving Trump a 64% chance to win the White House in November.
Polymarket bettors agree with this sentiment as well, with the Republican lead now up to 6 points over the Democrat.
However, the race isn’t over yet, with the first Presidential debate between Trump and Harris scheduled to take place on September 10th. The debates could lead to a major swing in the polls.
However, if Trump’s lead balloons after the first debate, the crypto market could start to price in a Republican victory, resulting in a sharp bounce in crypto prices.
Bitcoin Price Prediction – When Will BTC Start The Next Bull Run?
The growing odds of a Trump victory could kickstart the next bull run, and so could a 50 bps rate cut by the Federal Reserve in the FOMC meet on September 18th.
However, the bulls aren’t in the clear just yet. The Bitcoin price is trading above the $56,000 mark at press time but needs to secure a weekly close above this level to invalidate all bearish scenarios.
Additionally, it is imperative for the bulls to defend the 50-week Exponential Moving Average, which is currently hovering at $54,100. A breakdown below it could result in BTC visiting sub-$50k levels.
Best Crypto To Buy Now
The Bitcoin price may hit $90,000 in the aftermath of a Trump victory. However, experts believe that altcoins will lead the next bull run.
For instance, popular crypto trader Ali Martinez (@ali_charts) believes that Dogecoin could emerge as one of the leading crypto performers in the coming days.
Similarly, experts believe that Pepe is far from its cycle top. Being the top-performing meme coin in this cycle, popular crypto trader Mikey (@MikeyTrading) could reach as high as a $80 billion market cap in the coming months.
Other frog meme coins are also among the best crypto to buy now, considering that investors continue to hunt for the next Pepe. For instance, a new meme coin – Pepe Unchained (PEPU) – has raised over $12.5 million in its presale funding.
However, PEPU isn’t just a meme coin. Rather, it is launching a Layer-2 chain to facilitate fast meme coin trading at low costs. Additionally, it has a staking protocol which is currently offering a reward rate of over 160%.
Due to its unique features and low-cap status, experts believe that Pepe Unchained could offer up to 100x returns.
