Bitcoin Could Reach $150K By Year-End If Trump Wins: Standard Chartered
Portfolio Pulse from Murtuza Merchant
Standard Chartered forecasts Bitcoin could reach $100,000 by the U.S. presidential election and $150,000 by year-end if Trump wins. The Biden administration's recent approval of spot Ethereum ETFs is noted, but Trump's stance is seen as more crypto-friendly. Favorable Non-Farm Payrolls data could also propel Bitcoin to new highs.
June 06, 2024 | 12:11 pm
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Standard Chartered forecasts Bitcoin could reach $100,000 by the U.S. presidential election and $150,000 by year-end if Trump wins. Favorable Non-Farm Payrolls data could also propel Bitcoin to new highs.
The forecast by Standard Chartered is highly bullish and suggests significant price appreciation for Bitcoin, especially if Trump wins the U.S. presidential election. The mention of favorable Non-Farm Payrolls data further supports a positive short-term outlook.
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