According to ChainCatcher, an analyst from Standard Chartered who predicted before the U.S. presidential election that the price of Bitcoin would reach $80,000, Geoff Kendrick predicts that Bitcoin will continue to rise until the end of this year, and will 'easily reach' $100,000 before certain Bitcoin options expire on December 27.
“I predict that the price of Bitcoin will reach $125,000 by the end of the year, which is the next level, although I note that many Trump-related trades peaked around the inauguration on January 20 after the 2016 election... Therefore, if Bitcoin cannot reach $125,000 by December 31, I believe it will reach that by January 20,” said Kendrick, head of forex and digital asset research at the bank, in an email last Sunday.
Kendrick further predicts that given the recent gains in Ethereum and Solana, the rise in Bitcoin prices could 'benefit all investors,' and some tokens may perform better than Bitcoin.
Kendrick wrote: 'The achievement of SOL setting a new all-time high before the end of this year (the previous all-time high was $260 in November 2021) seems inevitable. ETH reaching an all-time high (which was $4,866 in November 2021) may have to wait until around the inauguration, but overall, we believe these assets will continue to rise, with SOL possibly performing the best.' (The Block)
