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

Odaily Planet Daily News, Standard Chartered Bank forex and dijital asset research manager Geoff Kendrick said in a recent analysis report that regardless of the outcome of the US presidential election, the BTC price is expected to reach a new historical 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 emphasized that the impact of the US election on the future trend of BTC is relatively small compared to market expectations. He pointed out that positive changes in the regulatory environment are one of the key factors driving the rise of BTC prices. Regardless of who takes office in the White House, the process of relaxing regulation of dijital assets (especially revoking SAB 121) is expected to continue in 2025. In addition, Kendrick also mentioned that the development of the US government bond market provides positive information for the long-term trend of BTC. He expects seasonal rebounds in the inflow of funds for Spot BTC ETF in October.