🔥 **Standard Chartered Bank predicts: Bitcoin is expected to reach $73,800 before the US election! **💥
According to the latest estimates of Geoff Kendrick, head of digital asset research at Standard Chartered Bank, Bitcoin could soar to $73,800 before the US presidential election in November, which is equivalent to a 12% increase from the current price! 🚀
🔍 Why is it so bullish?
1️⃣ MicroStrategy's role is highlighted: Kendrick mentioned that Bitcoin is highly synchronized with the changing pattern of MicroStrategy's stock multiples. MicroStrategy has hoarded 252,000 bitcoins, and its stock multiples (blue line) have recently exploded, which may be one of the driving forces for Bitcoin's rise! 📈
2️⃣ The benefits of regulatory relaxation: Last month, BNY Mellon received an exemption from SAB 121. This exemption eases regulatory pressure on holding crypto assets, and relaxed regulations usually mean good for Bitcoin. 🔓
3️⃣ Bitcoin Banking Plan: MicroStrategy announced an ambitious "Bitcoin Banking" plan to earn income by lending Bitcoin in the future. As this project unfolds, Bitcoin may be further sought after by investors! 🏦
✨ Conclusion: With the relaxation of regulations and the rise of market sentiment, Bitcoin is expected to have a chance to rise sharply in the coming months! Whether you are a hodler or a novice, the opportunity is right in front of you! 🚀💰
