### Bitcoin's Volatility Tied to Presidential Election Outcomes, Say Analysts

Bitcoin's market performance may experience dramatic fluctuations depending on the outcome of the upcoming presidential election, analysts from a Wall Street research firm warned on Monday. The former President Donald Trump is positioning himself as a pro-crypto candidate, adding another layer of unpredictability to the cryptocurrency's already volatile nature.

Bernstein, a notably bullish investment group, has maintained their ambitious price target of $200,000 for bitcoin by the end of 2025, regardless of who wins the election. They argue that the momentum for the $1.4 trillion digital asset is unstoppable, especially with the introduction of spot bitcoin exchange-traded funds (ETFs), which have further solidified its value.

Standard Chartered analyst Geoff Kendrick offered a more immediate and variable forecast last month, predicting bitcoin could reach $75,000 by the end of this year if Harris wins, and $125,000 if Trump takes the victory. Kendrick highlighted that bitcoin's highly unpredictable prices make these projections more uncertain compared to those for other assets like stocks, which are driven by earnings and more fundamental factors.

During his previous tenure in the White House, Trump was a vocal critic of bitcoin. However, he has recently garnered endorsements from prominent figures in the crypto industry, including billionaires Marc Andreessen and the Winklevoss twins, Cameron and Tyler. Additionally, he has picked JD Vance, a longtime bitcoin investor, as his running mate, signaling a significant shift in his stance toward digital currencies.

Recent trends have shown a strong correlation between bitcoin prices and Trump's election odds on blockchain-based election betting platform Polymarket. Bitcoin reached a seven-month high on the same day when Trump's election probabilities peaked, and saw a drop over the weekend as Harris' election chances rose according to betting market data.