If Trump wins, Bitcoin could reach USD $150,000, Standard Chartered predicts – DiarioBitcoin

As indicated Standard Chartered, support towards Bitcoin manifesto by the former president and candidate for these elections, could boost the price of the main digital currency by the end of the year.

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• Standard Chartered believes that Trump’s victory could boost Bitcoin
• If they win, they believe it could reach up to USD $150,000 per unit
• Trump has generated some positive sentiment among cryptocurrency enthusiasts and investors
• The reading of Standard Chartered It remains, although it is modest compared to the opinions of other enthusiasts

Beyond the past halving and other important events, it seems that the next notable event for the price of Bitcoin could be the next presidential election in the US, which is why Standard Chartered considers that if the candidate and former president Donald Trump wins the race, the main digital currency could reach USD $150,000 per unit by the end of this year.

Increase of Bitcoin before an eventual victory of Trump

The reading in question was made by the head of digital asset research for Standard Chartered, Geoff Kendrick, who during an interview for the network CNBC shared his details, indicating that the victory of former President Trump could have a very favorable effect on the price of the main digital currency.

In this regard, Kendrick indicated:

As we get closer to the US elections, I expect it to reach $100,000 and then $150,000 by the end of the year in the event of a Trump victory.

Their estimates are based on the positive sentiment generated by Trump’s campaign statements regarding Bitcoin and to the main cryptocurrencies, since on one occasion the candidate launched the following statements:

I will ensure that the future of cryptocurrencies and the future of Bitcoin are made in the US, not abroad. I will support the right to self-custody… To the country’s fifty million cryptocurrency holders, I say this: I will keep Elizabeth Warren and her bullies away from your bitcoins, and I will never allow the creation of a central bank digital currency.

optimistic reading of Standard Chartered

As we have indicated in previous editions, the bank’s specialists have already shared this prediction in the past, and have been reiterating their bullish approach so far this year. As such, they often cite investment exchange-traded funds (ETFs) as catalysts. Bitcoin cash in the US, the fourth halving of Bitcoin and most recently, the US elections.

In a report a few weeks ago, the bank’s analysts noted that a possible re-election of Donald Trump could potentially be positive for the digital currency industry in terms of regulation, as well as for market price developments.

“I stand by my forecasts of USD $150 thousand for BTC by the end of 2024 and USD $200 thousand by the end of 2025“Kendrick said this Thursday confirming his previous projection.

However, reading Standard Chartered is modest compared to that shared by the renowned investor Robert Kiyosaki, who doubled the bet with Bitcoin anticipating that before the elections it would reach USD $350,000 per unit.

“BITCOIN will cost USD $350,000 by August 25, 2024, it is not a lie. It’s a prediction. “It is speculation, it is an opinion, but it is not a lie,” Kiyosaki indicated.

WARNING: This is an informative article. DiarioBitcoin is a media outlet, it does not promote, endorse or recommend any particular investment. It is worth noting that investments in cryptoassets are not regulated in some countries. They may not be suitable for retail investors as the entire amount invested could be lost. Check the laws of your country before investing.