SC Bank: "Bitcoin will reach $125,000 if Trump is elected"

"BTC to reach $73,000 before US election"
"New all-time high expected even with Harris' victory"

In a report released on the 24th, global bank Standard Chartered claimed that if former President Trump is re-elected in the US election in November, the price of BTC could reach $125,000 by the end of this year.

The research team led by Jeffrey Kendrick at Standard Chartered predicted that the price of BTC will surge significantly around the US presidential election.

The report forecasts that "the price of BTC will reach around $73,000 by November 5, the US presidential election day, and if former President Trump is re-elected, BTC could rise by about 10% by the end of this year." This is based on the expectation of a 'BTC boom' following the election of the 'pro-cryptocurrency candidate' Trump.

On the other hand, the Standard Chartered research team also predicted that if Vice President Kamala Harris is elected, the price of BTC will set a new all-time high of $75,000 by the end of this year. The report stated that "if Vice President Harris is elected, the price of BTC will trade lower for a while, but will reach $75,000 by the end of the year."

The current all-time high for BTC was $73,737 set on March 14, 2024.

Reporter Kwon Seung-won ksw@