Standard Chartered Bank: BTC may reach a new high at the end of the year, with limited impact from the US election results.

Geoff Kendrick, Director of forex and digital assets research at Standard Chartered Bank, stated in his latest analysis report that regardless of the outcome of the US presidential election, the price of Bitcoin is expected to reach a new all-time high by the end of 2024. Kendrick predicts that if Trump wins, BTC could reach $125,000; if Harris is elected, the price could reach $75,000. Kendrick emphasizes that the impact of the US election on the future trend of BTC is relatively small compared to market expectations. He points out that positive changes in the regulatory environment are one of the key factors driving the rise of BTC. Regardless of who takes office in the White House, the process of relaxing regulation on digital assets (especially the revocation of SAB 121) is expected to continue in 2025. In addition, Kendrick also mentioned that the development of the US Treasury market provides favorable information for the long-term trend of BTC. He expects seasonal rebounds in the inflow of funds into the spot BTC ETF in October.