Bernstein emphasized that regardless of who takes over the White House, the Web3 industry will continue to attract investor funds. The crypto market will experience volatility until the results of the US elections are known.

“The Bitcoin genie is out of the bottle, and it will be very difficult to reverse. Our price target for the asset by the end of 2025 remains at $200,000, regardless of who wins the US election,” Bernstein said in a report.

According to analysts, the main factors driving the growth in the value of the first cryptocurrency will be the growing level of global financial debt, including in the US, and the devaluation of fiat currencies.

The policy of the US Securities and Exchange Commission (SEC) will also have a certain impact on the mood of investors and traders. If the aggressive rhetoric towards the crypto industry changes, leading digital assets will be able to demonstrate higher indicators than is commonly believed.

Earlier, analyst Michaël van de Poppe stated that crypto industry participants pay too much attention to the statements of politicians, while the real significant influence on the market is the statistics of the US labor market.