Will Bitcoin hit $100,000 before the US election?
The price of Bitcoin could rise to $100,000 before the US presidential election in November, according to analysts at Standard Chartered Bank.
Geoffrey Kendrick, head of FX and digital asset research at Standard Chartered, said on Thursday: “As the US election approaches, I expect Bitcoin to reach $100,000 and $150,000 by the end of the year if Trump wins.
The Biden administration recently showed pragmatism in approving an Ethereum spot ETF, but then Biden vetoed an effort to repeal SAB 121.
So Trump is still friendlier than Biden.” The analyst mentioned tomorrow’s non-farm payrolls data, noting that if the data is “friendly,” he expects Bitcoin’s price to hit a new all-time high this weekend and will pave the way for Bitcoin to “rise to $80,000 by the end of June.”
” Kendrick added that he is sticking with his year-end price forecast for Bitcoin of $150,000 and $200,000 by the end of 2025
New whale wallets add $1 billion in Bitcoin every day, and on-chain activity remains high
