Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

What's going on, guys? It is Tuesday, November 5th, and that means it's election day.

Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it,

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All right, friends, well, here we are.

All of the campaigning, the cajoling, the accusing, all of it is coming to a head today

with a sense that this election could be extremely consequential for Bitcoin and Crypto.

As we've discussed many times, the one thing that is unignorable about this election

cycle is that crypto has become a major issue. The Republicans under Trump have adopted

crypto as part of their core platform, and the Democrats under Kamala have been forced to start

to turn away at least from the Biden White House and its disastrous crypto policies.

During the last presidential term, we had the rise and fall of SPF, Operation choke point 2.0, the emergence of the Bitcoin

ETFs, and so much more. But now, as we get ready for this election day to commence, what are

people's sense of what the possible outcomes for Bitcoin and the crypto industry

are, at least in the short term? Consensus has been forming that the downside risk of the election

is fairly limited. Trump has, of course, been outspokenly positive about Bitcoin, while the Harris

camp has shied away from campaigning on hostile policy. In their final research note before the election,

Investment Bank Bernstein updated their forecasts.

They still view a Trump victory as wildly positive, predicting that Bitcoin could reach between

90,000 and 100,000 by the end of the year, should he win.

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