According to Standard Chartered, Bitcoin could reach $100,000 before the U.S. presidential election in November.

Geoffrey Kendrick, head of forex and digital asset research at Standard Chartered Bank, stated that he expects the price to reach $100,000 and potentially even $150,000 if President Trump is re-elected.

Kendrick also referenced the Biden administration’s actions towards cryptocurrency, noting that President Trump is perceived to be more friendly towards them.

Kendrick reaffirmed his year-end price prediction of $150,000 and his 2025 forecast of $200,000 for Bitcoin.

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