After the first televised presidential election debate, U.S. President Joe Biden's approval rating fell significantly behind Republican presidential candidate Trump. This situation not only caused an uproar in the political circles, but also caused ripples in the cryptocurrency market. There are even voices within the Democratic Party calling for the replacement of candidates. This background adds more uncertainty to the future trend of Bitcoin.
Standard Chartered Bank, as a heavyweight player in the financial world, recently published a forward-looking forecast on the price changes of Bitcoin. Geoffrey Kendrick, a leader in the bank's foreign exchange and digital asset research, pointed out that August 4 will be a key node for Biden to decide whether to continue his campaign. If Biden chooses to withdraw, this decision may indirectly push the Bitcoin market into a new round of bull market, and the price of the currency is expected to reach a record high. More specifically, Kendrick expects Bitcoin to hit a new high in August and hit the $100,000 mark on the day of the US election.
Kendrick's prediction logic is that if Trump is successfully re-elected, his policy inclinations may be beneficial to the cryptocurrency market, creating a more relaxed regulatory environment, thereby driving the value growth of digital assets such as Bitcoin. He further analyzed a variety of election scenarios, among which Biden's withdrawal from the election in late July is considered the most unfavorable situation for Bitcoin, which may cause the price of the currency to fall back to the range of 50,000 to 55,000 US dollars. However, if Biden insists on running for the election, Kendrick strongly recommends that investors regard Bitcoin as an excellent buying opportunity.
It is worth noting that Kendrick not only focuses on short-term fluctuations, but also boldly predicts the long-term trend of Bitcoin. He insists that by the end of this year, the price of Bitcoin is expected to reach $150,000, and by 2025, this figure will climb to $200,000. This optimistic expectation has undoubtedly injected a shot of adrenaline into the participants of the cryptocurrency market.
At the same time, Trump himself is also actively embracing cryptocurrencies. He has been accepting cryptocurrency campaign donations since May and is trying to build a "cryptocurrency army" to counter the Biden administration's relatively conservative digital asset policy stance. This move has undoubtedly added more political color and topicality to the cryptocurrency industry.
In addition, Standard Chartered Bank's layout in the field of cryptocurrency is also worthy of attention. The bank is actively preparing to establish a spot trading counter dedicated to the buying and selling of Bitcoin and Ethereum. This newly established London trading department will become an important part of Standard Chartered Bank's foreign exchange trading department, marking the bank's further deepening and expansion in the field of cryptocurrency. Standard Chartered Bank emphasized in an official statement that they have been working closely with regulators to meet the needs of institutional clients for Bitcoin and Ethereum transactions. This strategic adjustment is aimed at supporting the development of a broader digital asset ecosystem, covering a full range of services from access, custody to tokenization and interoperability.
In summary, the fierce competition in the US presidential election not only affects the global political and economic nerves, but also quietly affects the direction of the cryptocurrency market. As traditional financial institutions such as Standard Chartered Bank continue to deepen their investment and layout in the field of cryptocurrency, the market prospects of digital assets such as Bitcoin will undoubtedly be broader and full of opportunities. #BTC走势预测 #美国首次申领失业救济人数超出预期 #美国5月核心PCE物价指数年率增幅创2021年3月以来新低 #BTC☀
