CoinVoice has learned that an analyst from Standard Chartered Bank, Geoff Kendrick, who predicted before the U.S. presidential election that the Bitcoin price would reach $80,000, forecasts that Bitcoin will continue to rise until the end of this year, easily reaching $100,000 before certain Bitcoin options expire on December 27.
"I predict that the Bitcoin price will reach $125,000 by the end of the year, which is the next level. However, I note that many trades related to Trump peaked around January 20 after the 2016 election... Therefore, if Bitcoin cannot reach $125,000 by December 31, I think it will reach that by January 20," said Kendrick, the bank's head of foreign exchange and digital asset research, in an email last Sunday.
Kendrick further predicts that, given the recent gains of Ethereum and Solana, an increase in the Bitcoin price may "benefit all investors," and the performance of some tokens may exceed that of Bitcoin.
Kendrick wrote: "It seems inevitable that SOL will reach a historical high before the end of this year (the historical peak set in November 2021 was $260). ETH reaching its historical high (set at $4,866 in November 2021) may have to wait until around inauguration time. Overall, we believe these assets will continue to rise, but SOL may perform the best among them." (The Block) [Original link]
