Bitcoin will break price records in the coming weeks, says British bank
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Bitcoin will break price records in the coming weeks, says British bank
Bitcoin with black background
Bitcoin with black background.
Analysts at Standard Chartered, a British bank with a strong presence in Asia, Africa and the Middle East, believe that Bitcoin will hit a new price record soon, ahead of the US presidential elections.
Among the reasons cited are changes in the US Treasury yield curve, investor interest in Bitcoin ETFs and, finally, a bet on the victory of Donald Trump, who has been presenting himself as “the president of cryptocurrencies” in his campaign.
For Bernstein, a global research and investment firm, such a victory could push Bitcoin to $90,000, but fall to $40,000 if Kamala Harris wins the election.
At the moment, Trump appears to have a slight lead over Harris in the polls, so this explains the market speculation.
News
Bitcoin will break price records in the coming weeks, says British bank
Analysts at Standard Chartered, a British bank with a strong presence in Asia, Africa and the Middle East, believe that Bitcoin will hit a new price record soon, ahead of the US presidential elections.
Among the reasons cited are changes in the US Treasury yield curve, investor interest in Bitcoin ETFs and, finally, a bet on the victory of Donald Trump, who has been presenting himself as “the president of cryptocurrencies” in his campaign.
For Bernstein, a global research and investment firm, such a victory could push Bitcoin to $90,000, but fall to $40,000 if Kamala Harris wins the election.
At the moment, Trump appears to have a slight lead over Harris in the polls, so this explains the market speculation.
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Bitcoin will reach new peak even before the elections, says Standard Chartered
Bitcoin is currently trading at $67,500
