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Fundstrat International Advisors’ Tom Lee and analysts from Bernstein predict strong markets heading into 2025, whatever the outcomes of the upcoming US presidential election.
Whereas Lee expects a broader market rally throughout sectors, Bernstein highlighted Bitcoin’s (BTC) resilience amid political uncertainty.
Tom Lee, managing companion and head of analysis at Fundstrat, just lately shared his views on CNBC, stating that favorable financial fundamentals and a dovish Federal Reserve place make a robust case for a year-end rally.
In line with Lee, sidelined money might circulation again into the market as election-related uncertainty clears up. He mentioned:
“I’m bullish solely within the sense that election uncertainty has induced folks to derisk and money to sit down on the sidelines, however the fundamentals have been good.”
Lee referenced robust earnings experiences and Fed help as robust drivers as soon as the uncertainty round elections subsides. He believes that even with a divided or unified authorities, markets might carry out nicely by means of the tip of 2024 and past.
Bitcoin to resist political shifts
Lee’s feedback come alongside Bernstein’s outlook on Bitcoin, which they are saying stays poised to resist political shifts.
In a notice launched on Nov. 4, Bernstein analysts highlighted Bitcoin’s structural drivers, together with US fiscal coverage, report debt ranges, and elevated demand for laborious belongings, as components supporting its long-term progress.
In line with Bernstein, “Bitcoin stays probably the most resilient inside crypto,” and its restricted market share in comparison with international fiscal belongings leaves ample room for progress. The agency has set a value goal of $200,000 for Bitcoin by 2025, anticipating the digital asset’s enchantment in an surroundings of fiscal indiscipline and financial enlargement.
Bernstein analysts additionally famous that Bitcoin’s current ETF adoption — bringing in over $23 billion in year-to-date inflows — could add to its momentum, no matter who wins the presidency.
They see a possible preliminary value response relying on the election consequence, with a Trump victory probably pushing Bitcoin towards new highs of $80,000 to $90,000, whereas a Harris win might initially result in a dip close to $50,000. The analysts emphasised that Trump’s perceived pro-crypto stance contrasts with Harris’s reportedly hawkish place.