According to Odaily Planet Daily, 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 US presidential election, Bitcoin prices are expected to hit new 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 little impact on the future trend of Bitcoin, and 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 is expected to continue in 2025.
In addition, Kendrick mentioned that the development of the U.S. Treasury market provides a positive for the long-term trend of Bitcoin. He expects the inflow of funds into spot Bitcoin ETFs to rebound seasonally in October.
