Bitcoin 'Not A Safe Haven' But Rising Trump Odds Could Fuel A Rally: Standard Chartered
Portfolio Pulse from Khyathi Dalal
Standard Chartered's analysis suggests Bitcoin is not a safe haven against geopolitical tensions but serves as a hedge against traditional financial system issues. Rising odds of Donald Trump in the U.S. presidential race could benefit Bitcoin, despite potential short-term price dips due to geopolitical concerns.

October 03, 2024 | 6:52 pm
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Standard Chartered notes Bitcoin's role as a hedge against traditional financial issues, not geopolitical tensions. Rising Trump election odds could benefit Bitcoin, despite potential short-term dips.
Bitcoin's price is influenced by its perception as a hedge against traditional financial issues. The report suggests that while geopolitical tensions may cause short-term price dips, the rising odds of Trump in the U.S. presidential race could lead to a rally. The increase in Bitcoin options activity supports this potential upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100