📈 Standard Chartered: Bitcoin Could Reach $150,000 if Donald Trump is Re-elected 🚀

According to Standard Chartered, if former President Donald Trump is re-elected, Bitcoin's price could skyrocket to $150,000 by the end of 2024. Experts suggest that the substantial capital inflows into Bitcoin ETFs and Trump's potential re-election are driving Bitcoin towards this target.

Geoffrey Kendrick, Head of Digital Assets Research and FX at Standard Chartered, forecasts that Bitcoin could reach $150,000 by the end of 2024 and $200,000 by the end of 2025. He also expects Bitcoin to hit new highs if non-farm payroll data is favorable. 📊

Election Outlook 🗳️

Ahead of the U.S. presidential election, Kendrick believes Bitcoin could hit $100,000 and then climb to $150,000 by the end of the year if Donald Trump wins. Currently, traders on Polymarket are betting with a 56% probability that Trump will be victorious. 🔮

Current Status

As of now, Bitcoin's price stands at $71,069, showing little change over the past 24 hours but having recovered significantly from early May lows. 📉

Confidence in Bitcoin and the broader crypto market continues to grow, with Ethereum ETFs approved for listing in May and Bitcoin ETFs surpassing the $15 billion milestone. Capital inflows into these funds have increased following a sluggish period in mid-April and early May. 💼💵
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