The way I see it look like bitcoin will be up to 100 K this year. The U.S. presidential election in November, according to a report by Standard Chartered, as quoted by media reports.
Geoffrey Kendrick, Standard Chartered Bank's head of forex and digital assets research, was quoted as saying that Bitcoin is likely to reach a new all-time high in August and hit $100,000 by U.S. election day.
Bitcoin reached an all-time high of $73,700 in March this year. Since then, it has been trading within a range of $59,000 to $72,000.
Kendrick's forecast depends on Joe Biden remaining in the presidential race, a scenario the market believes would favor a Donald Trump victory.
The Standard Chartered analyst considers Trump to be "bitcoin-positive" and noted a positive correlation between the former president's electoral prospects and the price of Bitcoin.
"The logic here is that both regulation and mining would be looked at more favourably under Trump," Kendrick said.
Standard Chartered analyst considered a "least likely" scenario where Biden withdraws from the presidential election race in late July, suggesting that this could cause Bitcoin prices to dip to $50,000-$55,000.
"Notably, a $150,000 price by end-2024 would see bitcoin join the $3 trillion club in terms of market cap, following NVDA’s $3 trillion market cap which was reached yesterday," he said.
On July 3, Bitcoin dropped over three percent amid reports that trading platform Robinhood plans to launch crypto futures in the US and Europe.
The leading cryptocurrency was trading at $60,283.8, down 2.83 percent. On June 24, it had reached a low of $60,263.
Several other cryptocurrencies were also experiencing declines. Ethereum, the second-most valued digital asset, was trading at $3,308.98, down 3.13 percent, while Tether remained flat at $1.
Give Me your opinion in the comment ❤️
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• What will be better ? invest in Bitcoin ETF or directly buy Bitcoin ( #ETFvsBTC )

• 🐯_Here is the answer:
• Bitcoin ETFs are an advantage for those who feel safe with more regulations, generally speaking this is an advantage for those who were already investing in ETFs and feel comfortable and safe with this investment method.

• Important points :
Advantages of investing in BTC ETFs:
• More regulation
• Ease of investment

•🐯_ But it can be considered a disadvantage for those who value independence and direct participation in the world of cryptocurrencies. That is, for those users who are already cryptocurrency investments and feel comfortable being the owners of the crypto BTC.

• What will be better ? invest in Bitcoin ETF or directly buy Bitcoin ( #ETFvsBTC )

• 🐯_Here is the answer:
• Bitcoin ETFs are an advantage for those who feel safe with more regulations, generally speaking this is an advantage for those who were already investing in ETFs and feel comfortable and safe with this investment method.

• Important points :
Advantages of investing in BTC ETFs:
• More regulation
• Ease of investment

•🐯_ But it can be considered a disadvantage for those who value independence and direct participation in the world of cryptocurrencies. That is, for those users who are already cryptocurrency investments and feel comfortable being the owners of the crypto BTC.

Recently @Binance Square Official launched a proposal to share a list of 5 cryptocurrencies where we must include at least one of Binance's recent additions: Renzo, BounceBit, SAGA, Tensor or Wormhole. We are going to participate in#CryptoWatchMay2024 with original and valuable content 🤝🐯🧡.
• Renzo / Rez

1👨‍💻_ Information about Renzo;
What is Renzo?
Renzo is a Liquid Recovery Token (LRT) and Strategy Manager at EigenLayer. It is the interface to the EigenLayer ecosystem that secures Actively Validated Services (AVS) and offers higher performance than ETH staking.

Promotion Period: 2024-03-11 00:00 (UTC) to 2024-03-25 23:59 (UTC)

Join our #HotTrends challenge on Binance Square today and stand a chance to earn a share of the $1,000 FDUSD prize pool in token vouchers rewards, as well as exclusive traffic-boosting perks on Binance Square!
Simply create a post on each of the following hot topics: (you must include each topic hashtag and the #HotTrends hashtag in each post!):
Guide on Bitcoin Halving and why it matters #Halving Prediction of BTC price in April 2024 #BTC Share your insights on a Ethereum ETF approval #ETF Prediction of when ‘Altcoin season’ will start #AltSeason Create a tutorial on any Binance feature (e.g., Launchpool, Staking, Pay) #BinanceWhat you are most bullish in for Crypto in 2024 #2024
Here’s How to Join:
Create new and original content with the topic hashtags and #HotTrends hashtag on Binance Square during the Promotion Period.Ensure each of your post is at least 150 words and receives a minimum of 10 interactions (including likes, comments, shares, and quotes).All creators who complete all 6 topics (with 6 eligible posts) will win a share of the $1,000 FDUSD prize pool.The Top 3 creators with the highest engagement across all eligible posts will receive additional traffic-boosting perks and a shout-out on our Binance Square Profile!
Note: Any cases of hashtag abuse will lead to exclusion from the campaign.
Terms & Conditions
This activity may not be available in your region. Only posts that contain at least 150 words, include the necessary hashtags, and receive at least 10 engagements (the total number of emojis, comments, shares, or quotes) during the Promotion Period will qualify as eligible content pieces.Only original, new content qualifies. Previous submissions are ineligible. Any cases of hashtag abuse will lead to exclusion from the campaign.Content with crypto red packet is not eligible to receive the reward.If creators generate multiple posts under each topic, eligible posts with the most interactions will be the basis for calculating the reward.Prize pool winners will be notified via a push notification under Creator Center > Square Assistant within 15 working days after the activity end. The Top 3 creators with the highest engagements across all eligible posts will be announced via the Binance Square Official Account within 15 working days after the activity end. The FDUSD token voucher rewards will be distributed within 21 working days after the activity ends. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments. Binance reserves the right of final interpretation of this activity.