Standard Chartered Analyst Predicts Bitcoin Surge to $150,000 if Trump Wins U.S. Election

Geoff Kendrick, head of digital assets research at Standard Chartered, has boldly forecasted that if Donald Trump wins the upcoming U.S. presidential election, Bitcoin could surge to $150,000. Kendrick expects Bitcoin to hit $100,000 soon, with a potential climb to $150,000 by year-end in the event of a Trump victory. This prediction is amidst a landscape of economic indicators and political shifts that influence the Bitcoin market. Kendrick emphasized that the U.S. election would be the next major catalyst for Bitcoin’s price movement. He also suggested that a favorable nonfarm payrolls report released on Friday could propel Bitcoin to a new record high over the weekend. With Bitcoin currently sitting at $73,770, a positive jobs report might push it to $80,000 later this month. This forecast highlights the significant impact of political events on the Bitcoin market, especially given the substantial number of Bitcoin and crypto holders in the United States. The outcome of the presidential election is expected to play a pivotal role in shaping Bitcoin’s future trajectory.