Leggi questo articolo in Italiano
Standard Chartered is certain: ATH Bitcoin by the end of the year!
By Davide Grammatica
Regardless of the winner of the U.S. election, for Standard Chartered there are no obstacles between Bitcoin and its ATH by year-end
Standard Chartered's predictions
Among the various predictions about Bitcoin‘s future, these days amid macroeconomic, political and geopolitical tensions, one of the most optimistic seems to be Standard Chartered‘s .
According to Geoff Kendrick, an analyst at the financial giant, bitcoin can still likely close 2024 at its all-time high, regardless of the winner of the upcoming U.S. election, be it Donald Trump or Kamala Harris.
“I think bitcoin will end the year up, at new all-time highs, regardless of who wins the U.S. election,” Kendrick said. The only variable, if anything, is where this new ATH will go: “A Trump win that will take it to $125,000, while with Harris it can go to $75,000.”
Elections no longer decisive?
However, it will not be the elections that will be the most determining factor in a hypothetical BTC rise. A long list of factors will matter more, starting with the Fed’s monetary policy decisions and the subsequent reaction of the U.S. economy.
It will certainly help, regardless of the outcome of the Fed’s decisions, that there will be a change for the better on the regulatory side, to which the passing of the baton from Biden to Harris on the Dem front will also contribute. Just as a strong relevance will be the BTC spot ETFs, with respect to which volumes and inflows are expected to increase starting in October.
As we have already reported, it is now neck-and-neck for the new U.S. president, and even the crypto community seems to be letting the consensus rebalance. Especially since the last debate between the candidates, predictions have changed bringing the potential presidents on par in the polls. On Polymarket, for example, both are given 49 percent wins.
