1 month ago
Fundstrat Global Advisors’ Tom Lee and analysts from Bernstein foretell robust markets heading into 2025, careless of the results of the upcoming US statesmanlike election.
While Lee expects a broader marketplace rally crossed sectors, Bernstein highlighted Bitcoin’s (BTC) resilience amid governmental uncertainty.
Tom Lee, managing spouse and caput of probe astatine Fundstrat, precocious shared his views connected CNBC, stating that favorable economical fundamentals and a dovish Federal Reserve presumption marque a beardown lawsuit for a year-end rally.
According to Lee, sidelined cash could travel backmost into the marketplace arsenic election-related uncertainty clears up. He said:
“I’m bullish lone successful the consciousness that predetermination uncertainty has caused radical to derisk and currency to beryllium connected the sidelines, but the fundamentals person been good.”
Lee referenced beardown net reports and Fed enactment arsenic beardown drivers erstwhile the uncertainty astir elections subsides. He believes that adjacent with a divided oregon unified government, markets could execute good done the extremity of 2024 and beyond.
Bitcoin to withstand governmental shifts
Lee’s comments travel alongside Bernstein’s outlook connected Bitcoin, which they accidental remains poised to withstand governmental shifts.
In a enactment released connected Nov. 4, Bernstein analysts highlighted Bitcoin’s structural drivers, including US fiscal policy, grounds indebtedness levels, and accrued request for hard assets, arsenic factors supporting its semipermanent growth.
According to Bernstein, “Bitcoin remains the astir resilient wrong crypto,” and its constricted marketplace stock compared to planetary fiscal assets leaves ample country for growth. The steadfast has acceptable a price people of $200,000 for Bitcoin by 2025, anticipating the integer asset’s entreaty successful an situation of fiscal indiscipline and monetary expansion.
Bernstein analysts besides noted that Bitcoin’s caller ETF adoption — bringing successful implicit $23 cardinal successful year-to-date inflows — whitethorn adhd to its momentum, careless of who wins the presidency.
They spot a imaginable initial terms response depending connected the predetermination outcome, with a Trump triumph perchance pushing Bitcoin toward caller highs of $80,000 to $90,000, portion a Harris triumph could initially pb to a dip adjacent $50,000. The analysts emphasized that Trump’s perceived pro-crypto stance contrasts with Harris’s reportedly hawkish position.
The station US markets, Bitcoin poised for rally careless of elections outcome appeared archetypal connected CryptoSlate.
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