CandleFocus How Much Will Bitcoin Price Be If Trump Wins, How Much If Harris Wins? Standard Chartered Announces Big Bull Forecast
2024-09-19
Author: Content Editor
According to Geoff Kendrick, head of forex and digital assets research at Standard Chartered, Bitcoin and the broader digital asset market are expected to experience a strong rally following the Federal Reserve's recent rate cut. Kendrick believes that macroeconomic factors will be the primary drivers of this price increase and that they will outweigh uncertainties surrounding the upcoming US presidential election. He points to the steepening of the US Treasury yield curve and the potential for increased investment through spot Bitcoin ETFs as positive indicators for digital assets. Kendrick predicts that Bitcoin could reach a new all-time high by the end of the year, setting a potential target of $125,000 if Donald Trump wins the election and $75,000 if Kamala Harris wins. However, he emphasizes that Bitcoin's price outlook is contingent on favorable macroeconomic conditions.
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