Standard Chartered: Bitcoin could reach $100,000 before US election

Odaily News Standard Chartered analysts say the price of Bitcoin could rise to $100,000 before the U.S. presidential election in November. Geoffrey Kendrick, head of foreign exchange and digital asset research at Standard Chartered, said on Thursday: "As the U.S. election approaches, I expect Bitcoin to reach $100,000, and if Trump wins, it will reach $150,000 by the end of the year. The Biden administration recently showed pragmatism in approving an Ethereum spot ETF, but then Biden vetoed efforts to repeal SAB 121. So Trump is still friendlier than Biden." Kendrick added. (The Block)