Bitcoin price could reach USD 150,000 if Trump wins the presidential election

According to estimates by expert Geoffrey Kendrick of Standard Chartered, the price of Bitcoin could reach USD 150,000 by the end of 2024 if Donald Trump is re-elected

Cryptocurrency expert Geoffrey Kendrick of Standard Chartered predicts that the value of Bitcoin could reach $150,000 if Donald Trump is re-elected President of the United States.

Kendrick supports his estimates on the value of the market’s leading cryptocurrency by taking into account that “BTC spot exchange-traded funds (ETFs) continue to experience significant inflows.”

The expert noted last Thursday: “I stand by my forecasts of $150k for BTC by the end of 2024 and $200k by the end of 2025.” Adding that as the date of the presidential elections in the United States approaches, the value of bitcoin is gaining strength and generating more confidence in investors.

For this Sunday, June 9, the value of the cryptocurrency stood at USD 69,521, experiencing a slight decrease in the bullish streak in May. On the other hand, the average price of the fee for a transaction in this digital asset reached its highest level since April on Friday, June 7, standing at $80.


Source: coindesk

(Reference image source: engin akyurt in Unsplash)

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