Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered, predicts that Bitcoin (BTC) will reach $200,000 by the end of 2025. This prediction is made regardless of who wins the 2024 US Presidential elections.

According to Kendrick, there are three main factors that will push the Bitcoin price to new highs: the removal of SAB-121, a slight increase in inflation, and positive inflows into Bitcoin ETFs. SAB-121 is expected to be removed by both Donald Trump and Kamala Harris.

The possible change of SEC Chairman Gary Gensler could also have a positive impact on the markets. Kendrick predicts that Bitcoin will reach $125,000 by the end of 2024 and $200,000 by the end of 2025.

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