Bitcoin To Hit $125,000 By Year-End If Trump Wins, Says Standard Chartered

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When Bitcoin Could Hit $125,000 Kendrick’s analysis hinges on the interplay between Bitcoin’s price movements and the US political landscape.“We use daily BTC vol levels and popular strike levels to estimate post-election price moves,” he states in the report titled Bitcoin – Post-US Election Playbook.

Should Trump win, Kendrick anticipates immediate bullish momentum for Bitcoin.“Assuming a Trump victory, options break-even implies a further price rise of about 4% when the presidential outcome is known, and around 10% in total within a few more days,” he explains.

The report forecasts that Bitcoin is likely to reach approximately $73,000 by Election Day on November 5, nearing its all-time high of $73,800 recorded in March.“Our base case is that Bitcoin rises to around $73,000 by Election Day, catching up to betting-market probabilities of a Trump win,” Kendrick notes.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: United KingdomAustria

Topics: Bitcoin news Bitcoin price prediction Bitcoin Standard Chartered Bitcoin Donald Trump Bitcoin Bitcoin price Btc price Standard Chartered Bitcoin Price Prediction Bitcoin Btc Donald Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 14:30:06 (2 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 475 words

Reading Time: 3 minutes read

Sentences: 62 lines

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Copyright Owner: © NewsBTC

News ID: 23241641

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