Jeffrey Kendrick, head of foreign exchange and digital asset research at Standard Chartered Bank, said that "Bitcoin prices are likely to hit new highs in August and will exceed $100,000 by the US election day." Kendrick's prediction depends on whether Joe Biden continues to run for the US presidential election - a situation that the market believes favors Trump's victory. Standard Chartered analysts believe that Trump is "positive for Bitcoin" and pointed out that the former president's election chances are positively correlated with Bitcoin prices. "The logic here is that both regulation and mining will be treated more favorably under Trump's leadership," Kendrick added. (TheBlock) #SEC败诉