The banking giant's election scenario for Bitcoin.
The election scenario for Bitcoin from the banking giant.
Banking giant Standard Chartered evaluated the impact of the US presidential elections, which are about two months away, on the price of Bitcoin (BTC).
According to the report published by Standard Chartered, there will be an increase in the price of #BTC regardless of who wins the US elections. The report suggested that new price peaks could be formed by the end of 2024.
The banking giant stated that $BTC will increase even more if Donald Trump wins. The price predictions in the report were jaw-dropping.
Standard Chartered expects a crypto rally independent of the outcome of the US elections to be held on November 5. The banking giant stated in a report it published that #BTC will reach record levels with positive catalysts such as regulatory reform.
Geoff Kendrick, global head of digital asset research at Standard Chartered, said: âEfforts towards regulations that will ease the sector will continue in 2025 regardless of who is in the White House.â
Kendrick, who expects a short-term sale in #BTC if Harris wins, said that investors will trust the market with the progress in the regulatory area. The Standard Chartered executive stated that the declines will be bought when positive catalysts come into play and the crypto market will get used to Harris.
The report suggested that the #BTC price will reach $ 125,000 if US presidential candidate Donald Trump wins the elections, and $ 75,000 if Kamala Harris wins. Standard Chartered pointed to the end of the year for the rise.
The banking giant stated that the US presidential election is important for digital assets, but it is not at a level that will create pessimism.
Web3 polling and voting platform Polymarket announced that Harris has taken the lead over Trump. The fact that Harris seems close to victory in the polls has put pressure on the $BTC price.
