Bitcoin To Hit $100K By US Election: Standard Chartered
Portfolio Pulse from Murtuza Merchant
Standard Chartered projects Bitcoin could reach $100,000 by the U.S. presidential election in November, contingent on Biden remaining a candidate. If Biden withdraws, Bitcoin could fall to $50,000-$55,000. The bank's year-end prediction is $150,000, with a 2025 target of $200,000.
July 02, 2024 | 6:17 pm
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Standard Chartered projects Bitcoin could reach $100,000 by the U.S. presidential election if Biden remains a candidate. If Biden withdraws, Bitcoin could fall to $50,000-$55,000. The bank's year-end prediction is $150,000, with a 2025 target of $200,000.
The forecast is based on political scenarios affecting regulatory and mining conditions. A Trump victory is seen as favorable for Bitcoin, while Biden's withdrawal could lead to a price drop. The year-end and 2025 targets indicate strong long-term bullish sentiment.
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