Bitcoin Could Reach $73K by U.S. Election Day, Says Standard Chartered

Standard Chartered’s Head of Digital Assets Research, Geoff Kendrick, projects Bitcoin could reach $73,000 by U.S. Election Day on November 5, with potential further gains depending on election outcomes.

If Trump wins, Kendrick expects an immediate 4% rise and possibly a 10% increase shortly after. A Republican win in Congress could push Bitcoin closer to the year-end target of $125,000. Alternatively, if Kamala Harris wins, Bitcoin might initially dip but could still hit fresh highs around $75,000 by late 2024, highlighting a positive long-term outlook under either party’s leadership.

Clever Robot News Desk 29th October 2024

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