These predictions come at a time when both candidates have notably addressed crypto policy, making this election pivotal for the industry.

In the short term, Bernstein believes the election will influence crypto sentiment.

"We expect Bitcoin to break all-time highs on a Trump win, reaching close to $80,000-90,000 in the next few weeks prior to Jan. 20 inauguration day," the report notes.

On the other hand, Harris’s approach, seen as a continuation of existing Democratic policies, may test Bitcoin's resilience.

"A Harris win is also not priced in the short term, where Bitcoin could test the $50K floor before staging any recovery," Bernstein added.

Also Read: Bitcoin May End The Year At $79,000, Economist Predicts—But Here’s How Different Election Outcomes Could Change That

However, the report states that bipartisan support and a crypto-friendly SEC would benefit all blockchain assets, emphasizing that "the utility argument for blockchain assets depends on a favorable regulatory framework for stablecoin payments, tokenization of traditional assets, and clarity on the security status of crypto assets."

These anticipated market shifts will be a focal point at Benzinga's Future of Digital Assets event on Nov. 19, where experts will discuss the implications of the election on the crypto landscape and what investors should anticipate.

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