Geoff Kendrick Analysis: Bitcoin (BTC) Predictions Ahead of US Presidential Election
Bitcoin (BTC) continues to be the center of attention of global investors with its extremely high volatility and potential as a hedge. Geoff Kendrick, a senior analyst at Standard Chartered, made a sensational prediction. Kendrick believes that the price of BTC will reach $73,000 ahead of the 2024 US Presidential Election. Interestingly, he also predicted that the election results will greatly affect the future price of Bitcoin. According to Kendrick, if Donald Trump is elected president, BTC could soar to $125,000. However, if Kamala Harris wins, Bitcoin is predicted to reach a price of around $75,000. This article will comprehensively discuss the factors underlying Kendrick's analysis as well as a guide for investors to understand the direction of the market ahead of the election.
