According to BlockBeats, on September 12, according to TheBlock, Kendrick, head of foreign exchange and digital asset research at Standard Chartered Bank, said: “I think that no matter who wins the US election, Bitcoin will hit a record high at the end of this year. If Trump wins, the price of Bitcoin will reach $125,000, and if it is Harris, the price of Bitcoin will reach $75,000.” The Standard Chartered Bank analyst added that the impact of the US presidential election on Bitcoin’s future trajectory is not as important as when Joe Biden is the Democratic candidate. Kendrick claimed that Bitcoin could reach a record high by the end of 2024 because “positive drivers dominate regardless of the election results.”
Kendrick pointed out that regulatory changes are an important positive factor in Bitcoin’s price growth. “We believe that no matter who enters the White House, there will be continued progress in deregulation in 2025, especially the repeal of SAB 121, which imposes strict accounting rules on banks’ digital asset holdings. Spot Bitcoin spot ETF inflows are expected to rebound seasonally in October.”
