Bernstein: If Trump wins the U.S. election, it will be beneficial for the cryptocurrency market; if Harris wins, it will be unfavorable

The brokerage firm Bernstein recently stated in a research report that if Trump wins the U.S. election in November, it will be beneficial for the cryptocurrency market, while a Harris victory would be unfavorable for the market. The report pointed out that Bitcoin has weakened after Polymarket odds and polls turned to support Harris, and it is expected that Bitcoin will maintain range fluctuations before the election situation becomes clear. Trump's team has always been outspoken about its crypto policy and has made contact with companies in this industry, bitcoin mining enterprises, and a broader community. It also promised to provide favorable support for Bitcoin and crypto innovation in its policies, even mentioning the possibility of establishing national bitcoin reserves.