According to TechFlow, Geoff Kendrick, head of foreign exchange and digital asset research at Standard Chartered Bank, said in his latest analysis report that regardless of the outcome of the U.S. presidential election, Bitcoin prices are expected to hit new all-time highs by the end of 2024. Kendrick predicts that if Trump wins, Bitcoin could reach $125,000; if Harris is elected, the price could reach $75,000.
Kendrick stressed that the US election has less impact on the future trend of Bitcoin than the market expects. He pointed out that positive changes in the regulatory environment are one of the key factors driving the growth of Bitcoin prices. Regardless of who enters the White House, the process of relaxing digital asset regulations (especially the revocation of SAB 121) is expected to continue in 2025.
In addition, Kendrick also mentioned that the development of the U.S. Treasury market provides a positive for the long-term trend of Bitcoin. He expects that the inflow of funds into spot Bitcoin ETFs will rebound seasonally in October.
