Standard Chartered: It seems "inevitable" that SOL will hit a new high by the end of the year, and Bitcoin will reach $125,000
ChainCatcher news, an analyst from Standard Chartered, Geoff Kendrick, who predicted that Bitcoin would reach $80,000 before the U.S. presidential election, forecasts that Bitcoin will continue to rise until the end of this year, "easily reaching" $100,000 before the expiration of certain Bitcoin options on December 27."I predict that the Bitcoin price will reach $125,000 by the end of the year, which is the next level, although I note that many Trump-related trades peaked around the inauguration on January 20 after the 2016 election... Therefore, if Bitcoin does not reach $125,000 by December 31, I believe it will reach that by January 20," Kendrick, the bank's head of foreign exchange and digital asset research, said in an email last Sunday.Kendrick further predicts that given the recent gains in Ethereum and Solana, the rise in Bitcoin's price could "benefit all investors," with some tokens potentially outperforming Bitcoin.Kendrick wrote, "It seems inevitable that SOL will hit a new all-time high (the previous all-time high was $260 in November 2021) by the end of this year. ETH reaching a new all-time high (the previous high was $4,866 in November 2021) may have to wait until around the inauguration, but overall, we believe these assets will continue to rise, with SOL potentially performing the best." (The Block)