Geoff Kendrick, the global head of digital assets research at Standard Chartered, predicts that Bitcoin will reach $200,000 by the end of 2025, regardless of the outcome of the 2024 US presidential election. Kendrick believes that the price of Bitcoin will be driven by the likely repeal of SAB-121, a slight increase in inflation, and positive inflows into Bitcoin ETFs. He anticipates that SAB-121 will be revoked by both Donald Trump and Kamala Harris, and expects changes in leadership at the SEC. Kendrick also foresees the introduction of more ETFs, with Solana being a potential candidate. Despite the political landscape, Kendrick forecasts Bitcoin to hit $125,000 by the end of 2024 if Trump wins, and $200,000 by the end of 2025 regardless of the election outcome. The upcoming election has brought crypto to the forefront, with PACs investing heavily in pro-crypto policies and candidates. Read more AI-generated news on: https://app.chaingpt.org/news