Bitcoin To Hit $73K On Election Day And $80K If Trump Wins, Says Standard Chartered
Portfolio Pulse from Murtuza Merchant
Standard Chartered predicts Bitcoin could reach $73,000 by the U.S. presidential election and $80,000 if Trump wins. A Republican sweep could push Bitcoin to $125,000 by the end of 2024. The analysis is based on options data and betting odds.
October 24, 2024 | 5:20 pm
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Standard Chartered forecasts Bitcoin reaching $73,000 by the U.S. election and $80,000 if Trump wins, with a potential year-end target of $125,000 if Republicans win Congress.
The prediction is based on current options data and betting odds, indicating a strong correlation between Trump's election odds and Bitcoin's price. A Republican win is seen as bullish for Bitcoin, potentially driving significant price increases.
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