Bernstein: If Trump wins the US election, it will be good for the crypto market, but Harris's victory will be bad

On August 14th, brokerage firm Bernstein stated in a research report that if Trump wins the US presidential 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 weakened in Polymarket odds and polls after turning to support Harris, and it is expected that Bitcoin will remain range-bound until the election situation becomes clear. The Trump camp has been outspoken about its cryptocurrency policy and has been in contact with companies, Bitcoin mining companies, and the wider community in the industry. It has also promised to provide favorable support for Bitcoin and cryptocurrency innovation in its policies, and even mentioned the possibility of establishing a national Bitcoin reserve.