【Standard Chartered Bank: Bitcoin will reach $125,000 by the end of this year after Trump's victory】On November 6, according to DL News, Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered Bank, stated during a briefing on Wednesday that after Trump's victory, the price of Bitcoin will reach $125,000 by the end of this year and $200,000 by the end of 2025. This prediction aligns with estimates made earlier this month by analysts at research and brokerage firm Bernstein. Standard Chartered also made a similar prediction in October. Kendrick believes that many of Trump's commitments to support cryptocurrencies, such as firing SEC Chairman Gary Gensler, establishing a national strategic Bitcoin reserve, and reshaping the U.S. into a 'Bitcoin superpower,' will drive Bitcoin's rise. Kendrick noted that from Bitcoin options trading, Standard Chartered has found that many investors are interested in a price around $80,000, indicating that this cryptocurrency will reach that level 'in the next week or two.' Regarding regulation, Kendrick expressed his expectation that Trump will overturn Biden's veto of SAB 121, a controversial SEC accounting guideline that critics say has hindered investment banks from offering large-scale cryptocurrency custody services. Kendrick believes that Trump will achieve this goal soon after taking office on January 20 next year and sees this move as a catalyst for greater institutional adoption of cryptocurrencies.

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