Standard Chartered Bank analyst Geoff Kendrick forecasts that Bitcoin could reach $125,000 by year-end if Republicans gain significant power in the U.S. Congress following the November 5 elections. He projects Bitcoin will start at around $73,000 by election day and could rise approximately 14% if Donald Trump wins a second term. Conversely, if Vice President Kamala Harris is elected, Bitcoin may initially decline but stabilize around $75,000 by year-end. Kendrick notes the betting market shows a substantial probability for a Trump win, and area executives at crypto firms also express bullish sentiments surrounding a Trump victory, with some estimating Bitcoin could hit $92,000 or $80,000 shortly thereafter. The overall sentiment within the crypto community leans toward favoring Trump over Harris due to perceived advantages for cryptocurrency under Trump, despite some dissenting opinions within the industry.

Source 🔗