FundstratGlobalAdvisors’TomLeeandanalystsfromBernsteinpredictrobustmarketsheadinginto2025,regardlessoftheresultsoftheupcomingUSpresidentialelection.
WhileLeeexpectsabroadermarketrallyacrosssectors,BernsteinhighlightedBitcoin’s(BTC)resilienceamidpoliticaluncertainty.
TomLee,managingpartnerandheadofresearchatFundstrat,recentlysharedhisviewsonCNBC,statingthatfavorableeconomicfundamentalsandadovishFederalReservepositionmakeastrongcaseforayear-endrally.
AccordingtoLee,sidelinedcashcouldflowbackintothemarketaselection-relateduncertaintyclearsup.Hesaid:
“I’mbullishonlyinthesensethatelectionuncertaintyhascausedpeopletoderiskandcashtositonthesidelines,butthefundamentalshavebeengood.”
LeereferencedstrongearningsreportsandFedsupportasstrongdriversoncetheuncertaintyaroundelectionssubsides.Hebelievesthatevenwithadividedorunifiedgovernment,marketscouldperformwellthroughtheendof2024andbeyond.
Bitcointowithstandpoliticalshifts
Lee’scommentscomealongsideBernstein’soutlookonBitcoin,whichtheysayremainspoisedtowithstandpoliticalshifts.
InanotereleasedonNov.4,BernsteinanalystshighlightedBitcoin’sstructuraldrivers,includingUSfiscalpolicy,recorddebtlevels,andincreaseddemandforhardassets,asfactorssupportingitslong-termgrowth.
AccordingtoBernstein,“Bitcoinremainsthemostresilientwithincrypto,”anditslimitedmarketsharecomparedtoglobalfiscalassetsleavesampleroomforgrowth.Thefirmhassetapricetargetof$200,000forBitcoinby2025,anticipatingthedigitalasset’sappealinanenvironmentoffiscalindisciplineandmonetaryexpansion.
BernsteinanalystsalsonotedthatBitcoin’srecentETFadoption—bringinginover$23billioninyear-to-dateinflows—mayaddtoitsmomentum,regardlessofwhowinsthepresidency.
Theyseeapotentialinitialpriceresponsedependingontheelectionoutcome,withaTrumpvictorypossiblypushingBitcointowardnewhighsof$80,000to$90,000,whileaHarriswincouldinitiallyleadtoadipnear$50,000.TheanalystsemphasizedthatTrump’sperceivedpro-cryptostancecontrastswithHarris’sreportedlyhawkishposition.
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