British mega bank Standard Chartered has made a bullish prediction for Bitcoin (BTC), the world’s largest cryptocurrency. The multinational bank has projected that Bitcoin will surge as high as $100,000 from its current price of above $60,000. Bitcoin To Reach $100,000 By US Election Day In a Tuesday note, Standard Chartered’s head of forex and digital assets research, Geoffery Kendrick predicted that Bitcoin could see its price rallying to $100,000 by the United States (US) election day in November. He also disclosed that the pioneer cryptocurrency is poised for “a fresh all-time” by August 2024. Related Reading: XRP Price Attempts Bullish Decoupling Amid Major Developments Kendrick’s bullish forecast for BTC hinges on the outcome of the upcoming US Presidential election, particularly whether the current US President, Joe Biden, continues his election campaign. Within the crypto space, Biden has somewhat gained an anti-crypto reputation due to his previous actions seemingly aimed at limiting the crypto industry. As a result, the crypto industry may lean towards supporting US presidential candidate, Donald Trump in the forthcoming elections, given his vocal support for ..
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