Jeff Kendrick, head of digital assets research at Standard Chartered Bank, made a bold prediction: Predicted If Donald Trump wins the next US presidential election, Bitcoin could surge to $150,000. “As we approach the US election, I expect it to reach $100,000 if Trump wins, and $150,000 by the end of the year,” Kendrick said.
what’s new: #Bitcoin Standard Chartered Bank predicts that number will reach $150,000 if Donald Trump wins the presidential election. pic.twitter.com/4Kaq4P0BRf
— Bitcoin Magazine (@BitcoinMagazine) June 6, 2024
The prediction comes against the backdrop of economic indicators and political developments that will impact the Bitcoin market, with Kendrick highlighting that the next big driver of Bitcoin price will be the US elections.
Kendrick also noted that a strong nonfarm payroll report on Friday could send Bitcoin to a new record high over the weekend. Bitcoin’s current all-time high was reached on March 14. $73,770He noted that a strong jobs report could pave the way for Bitcoin to reach $80,000 later this month.
The prediction highlights that political developments can have a significant impact on the Bitcoin market. There are over 50 million Bitcoin and cryptocurrency holders in the United States, and the outcome of the presidential election is likely to play a key role in shaping Bitcoin’s future.
