Bernstein Report: If Trump wins the U.S. election in November, it will be beneficial for the cryptocurrency market

ChainCatcher news, according to CoinDesk, a research report from Bernstein indicates that if Trump wins the U.S. election in November, it will be beneficial for the cryptocurrency market, while a victory for Harris would be detrimental to the market.

The report notes that Bitcoin weakened after Polymarket odds and polls shifted to support Harris, and it is expected that Bitcoin will remain range-bound until the election situation becomes clearer. Trump has promised favorable support for Bitcoin and crypto innovation in his policies, even mentioning the possibility of establishing a national Bitcoin reserve.