Standard Chartered Bank: After Trump's victory, BTC will reach $125,000 by the end of this year

2024-11-06 22:24:22

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ChainCatcher news, according to DL News, Standard Chartered's Global Head of Digital Asset Research Geoff Kendrick stated in a briefing on Wednesday that after Trump's victory, the price of Bitcoin will reach $125,000 by the end of this year and $200,000 by the end of 2025. This prediction aligns with estimates from research and brokerage firm Bernstein made earlier this month.

Geoff Kendrick believes that many of Trump's commitments to support cryptocurrencies, such as firing SEC Chairman Gary Gensler, establishing a national strategic Bitcoin reserve, and reshaping the U.S. into a "Bitcoin superpower," will drive Bitcoin's rise. From Bitcoin options trading, Standard Chartered found that many investors are interested in a price around $80,000, indicating that this cryptocurrency is expected to reach that level "in the next week or two."

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