🚀 #StandardChartered 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 #donaldtrump , 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 #JoeBiden '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%!
