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Head of FX and Digital Asset Research at Standard Chartered Bank: Bitcoin may hit a record high in August and break through $100,000 during the US election
Jeffrey Kendrick, head of FX and digital asset research at Standard Chartered Bank, said, "Bitcoin prices are likely to hit a new high in August and break through $100,000 by the US election day." Kendrick's prediction depends on whether Joe Biden continues to participate in the US presidential campaign - the market believes that this situation is conducive to Trump's victory. Standard Chartered analysts believe that Trump is "positive about Bitcoin" and pointed out that the former president's chances of being elected are positively correlated with Bitcoin prices. "The logic here is that under Trump's leadership, both regulation and mining will be treated more favorably," Kendrick added. (TheBlock)