Bitcoin Price Predicted to Surge as US Elections Near
Standard Chartered forecasts Bitcoin could reach an all-time high of $73,800 as the US presidential elections approach.
Jeff Kendrick, Head of Global Digital Assets Research, suggests several factors will contribute to this rise.
Key factors include rising US Treasury bond yields, increasing interest in ETFs, and Donald Trump’s improved electoral chances.
The report predicts Bitcoin could hit $125,000 if Trump wins and $75,000 if Kamala Harris wins, with expected short-term volatility under a Harris presidency.
Overall, Bitcoin is expected to reach new highs by the end of 2024, regardless of the election outcome.
