Bitcoin Price Prediction According to Standard Chartered!

Bittime - Standard Chartered analysts predict Bitcoin prices could reach $100,000 before the US presidential election and $200,000 in 2025, with possible pro-crypto policies from a Trump victory.

Bitcoin price prediction according to Standard Chartered

Analysts from Standard Chartered predict that bitcoin prices could reach an all-time high in August and reach $100,000 by November's US presidential election. Meanwhile, they maintain price targets of $150,000 by the end of the year and $200,000 by 2025.

Trump May Produce Policies More Favorable to Crypto Asset Markets

Before the US presidential election in November, Standard Chartered has predicted the price of bitcoin. Head of the bank's digital assets and foreign exchange research. President Joe Biden's survival in the presidential race, which markets view as improving former President Donald Trump's chances of being elected to a second term, is the basis of analysts' forecasts. 

Since a Trump victory could result in policies that are more favorable to the crypto asset market, this outcome is considered to benefit bitcoin. According to the analyst, a Trump victory might encourage regulations that support the growth of digital assets.

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Standard Chartered Also Makes Forecasts

Standard Chartered analysts also made forecasts for additional situations in the presidential election. He explained that the "least likely" possibility is that Biden leaves the election at the end of July, which could result in Bitcoin's price dropping to around $50,000 to $55,00.

Kendrick emphasized that August 4 is a key date for Biden's decision, saying, "This is the date that Ohio law requires presidential candidates to be registered."

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Conclusion

Standard Chartered analysts predict that Bitcoin prices will hit a record high in August and possibly reach $100,000 before the US presidential election in November. They also maintain price targets of $150,000 by the end of 2024 and $200,000 by 2025. 

This prediction is based on the assumption that Trump's victory in the election will bring policies that are more favorable to the crypto asset market; conversely, if Joe Biden remains in the election, Trump's chances of being re-elected are considered greater, which is also considered positive for Bitcoin.

But Bitcoin prices are expected to fall to around $50,000 to $55,000 if Biden drops out of the race at the end of July. Ohio law requires presidential candidates to register by August 4, which makes it an important date. Therefore, Biden's decision today could have a significant impact on the price of Bitcoin.

How To Buy Crypto With Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.