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

According to a research report by brokerage firm Bernstein, if Trump wins the US election in November, it will be beneficial for the cryptocurrency market, while Harris's victory will 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 to maintain range fluctuations before the election situation becomes clear. The Trump side has always been outspoken about its encryption policy and has been in contact with companies, Bitcoin mining enterprises, and the wider community in the industry. He also promised to provide favorable support for Bitcoin and encryption innovation in policies, and even mentioned the possibility of establishing a national Bitcoin reserve.