Bitcoin Set to Reach a New All-Time High Regardless of U.S. Election Outcome, Says Standard Chartered Analyst
Bitcoin, the largest and most widely known cryptocurrency, is expected to reach a new all-time high by the end of this year, regardless of the outcome of the U.S. presidential election. According to Jeff Kendrick, a leading analyst at Standard Chartered, the price of Bitcoin is poised to break its previous record, marking a significant milestone in the cryptocurrency market.
Kendrick has outlined two potential scenarios depending on who emerges victorious in the upcoming election. If Donald Trump secures a win, Bitcoin's price could skyrocket to as much as $125,000. On the other hand, if Kamala Harris wins, the projected price is expected to be lower but still substantial, potentially reaching around $75,000.
This analysis highlights the growing influence of macroeconomic and political events on the cryptocurrency market, especially when it comes to high-stakes elections like those in the United States. Whether it’s the policies of Trump or Harris, Bitcoin seems ready to capitalize on the uncertain political landscape, continuing its upward momentum.
The anticipation of a new all-time high showcases the resilience of Bitcoin and the increasing confidence in its value, despite regulatory challenges and global financial uncertainty. Investors and crypto enthusiasts will be closely watching how the U.S. election plays out, knowing that Bitcoin could be set for a massive rally no matter the result.
