SC Bank “Bitcoin reaches its highest price in August and reaches up to $200,000 after the US presidential election”

“Trump likely to be elected President of the United States in November”
“BTC will continue to rise until next year if Trump is elected”
Candidate Biden's resignation pointed out as worst-case scenario

Global bank Standard Chartered predicted that Bitcoin (BTC) will hit a record high in August this year and reach up to $200,000 after the US presidential election in November.

Jeffrey Kendrick, head of digital assets (cryptocurrency) at Standard Chartered, strongly predicted that former President Trump would be elected president of the United States, and predicted that the price of Bitcoin would soar significantly accordingly.

He explained, “Bitcoin is likely to hit an all-time high in August, and this rise will continue until the US election day.”

He went on to emphasize, “There is a high possibility that former President Donald Trump will be elected, and if Trump is elected, Bitcoin is expected to reach $200,000 next year after hitting $150,000 at the end of the year due to his supportive policies toward the digital asset market.” did.

Former President Trump is currently naming himself the 'Digital Asset President' and is continuing his election campaign with a pledge to advocate for digital assets.

Kendrick predicted that the worst-case scenario is that President Biden resigns as a presidential candidate in July, in which case the price of Bitcoin could fall by up to $50,000. He wrote, “August 4th is the day each party must complete its final candidate registration, and it will be a very important day for the price of Bitcoin.”

Reporter Seungwon Kwon ksw@