🚀 Standard Chartered predicts Bitcoin could reach new highs by August, potentially hitting $100,000 by the U.S. presidential election in November.

Geoffrey Kendrick, head of forex and digital assets research, anticipates a fresh all-time high for Bitcoin in August, contingent on Joe Biden remaining in the race. 📈

Kendrick suggests a positive correlation between Bitcoin's price and the electoral prospects of Donald Trump, whom he views as favorable for Bitcoin due to potential regulatory and mining policies.

🤷 However, if Biden exits, Kendrick speculates a dip to $50,000-$55,000, highlighting August 4 as a pivotal date. Kendrick maintains bullish long-term forecasts, aiming for $150,000 by year-end 2024 and $200,000 by 2025.

👀 It's worth noting that after Joe Biden's widely recognized poor debate performance, the odds of him withdrawing from the election race have sharply increased. Betting markets on Polymarket now estimate this possibility at 60%!