Bitcoin price could reach all-time highs by the end of the year
The price trend of bitcoin by the end of 2024, regardless of the results of the presidential elections in the United States, could be upward, with historical highs, according to the British bank Standard Chartered
The British bank Standrard Chartered predicts the end of 2024 with all-time highs for bitcoin, regardless of the result of the November presidential elections in the United States.
According to the bank’s head of research, bitcoin has the potential for an increase in its price to reach historical highs at the end of this year, since the factors that support its value are above the US electoral process.
At the end of the year, according to Standard Chartered estimates, if Donald Trump is re-elected, bitcoin could reach $125,000; In the event that Kamala Harris wins, the price of the cryptocurrency could be $75,000.
Among the factors that may influence an increase in the price of BTC are positive changes, there is a recent relaxation in regulations, such as the repeal of SAB 121, which imposes strict accounting standards on digital asset holdings by 2025.
Another factor that the bank considers driving the price of bitcoin is the rise of the US Treasury markets.
M.Pino
Source: cripto247
(Reference image source: Erling Løken Andersen in Unsplash)
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