Standard Chartered Bank: Bitcoin will reach $125,000 by the end of this year after Trump wins the election

Odaily Planet Daily Report: In a briefing on Wednesday, Geoff Kendrick, the global head of digital asset research at Standard Chartered Bank, stated that after Trump's victory, the price of Bitcoin will reach $125,000 by the end of this year, and $200,000 by the end of 2025, echoing the estimate made by Bernstein analysts earlier this month. Geoff Kendrick believes that many of Trump's pro-cryptocurrency promises, such as firing the chairman of the U.S. Securities and Exchange Commission Gary Gensler, establishing a national strategic Bitcoin reserve, and reshaping the U.S. into a "Bitcoin superpower," will drive the rise of Bitcoin. Looking at Bitcoin options trading, Standard Chartered Bank found that many investors are interested in a price around $80,000, indicating that this cryptocurrency will reach this level "within the next one or two weeks." (DLNews)