Standard Chartered's head of digital asset research, Geoff Kendrick, predicts that Bitcoin has a high chance of hitting $200,000 by the end of 2025, regardless of who wins the U.S. presidential election in November. Kendrick believes that while the election may be close, it is unlikely to derail Bitcoin’s longer-term price appreciation. He also cites the potential discontinuation of the crypto custody guidance (SAB 121) from the Financial Accounting Standards Board (FASB) as a contributing factor to Bitcoin’s future growth.