Standard Chartered: Bitcoin Expected to Rise to $100,000 in November Election
2024-07-14 16:55:53
Since the weekend morning, virtual currencies have started to rise sharply across the board. Bitcoin once returned to the $60,000 mark, and Ethereum, TEDA, Dogecoin, etc. also rose across the board. It is worth noting that Trump has made several pro-cryptocurrency remarks earlier, and the latest Republican Party platform draft is more clear to "end the suppression of cryptocurrencies", and mentions opposing the launch of a central bank digital currency, defending bitcoin mining rights, and defending the right to custody and free trading of digital assets. Geoffrey Kendrick, head of foreign exchange and digital asset research at Standard Chartered, said that because Trump is friendlier to bitcoin regulation and mining than Biden. With the increasing chances of Trump's election, bitcoin is expected to rise to $100,000 in the November election, and is expected to reach $200,000 by the end of next year. (BrokerChina)
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