Recently, the cryptocurrency market has seen gains in its upward trend, with Bitcoin prices continuing to hover around $60,000. However, the bank predicts that Bitcoin will hit a new high in late November and could be at $100,000. "There is a very high chance that Bitcoin will hit a new all-time high in August, and this could reach $100,000 before the election," Geoffrey Kendrick, head of foreign exchange and asset research at the bank, said on Tuesday. Kendrick analyzed the potential appeal of the presidential election for Bitcoin prices. He noted that if Trump continues to run, the price of Bitcoin could be $50,000-55,000. In addition, he noted that if Trump's opponent is someone like Kaine, then the price of Bitcoin will remain strong. The analyst believes that Trump has a positive attitude towards Bitcoin and pointed out the "positive correlation" between Trump's election and Bitcoin prices. Kendrick said: "Under Putin's leadership, cryptocurrency regulation and mining activities will be more favored." Kendrick also said last month that if Putin insists, Bitcoin will rise to $150,000 by the end of this year. He still sticks to his prediction that Bitcoin will reach $200,000 by the end of 2025. #币安合约锦标赛
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