Crypto Daily – Standard Chartered (LON:) Bank predicts a new all-time high for by August and a whopping $100,000 price tag by November, driven by political developments and the U.S. presidential election.
Optimistic Bitcoin Price Prediction
Standard Chartered Bank’s head of forex and digital assets research, Geoffrey Kendrick, has forecasted that Bitcoin’s price could reach a new all-time high by August, followed by a surge to $100,000 by the U.S. presidential election in November. This optimistic prediction reflects the bank’s analysis of current market conditions and political factors.
Recent Performance and Catalysts
Bitcoin’s existing all-time high of over $73,000 was achieved in March 2024, primarily due to the January approval of Spot Bitcoin ETFs. Standard Chartered now identifies the upcoming U.S. presidential race as a potential catalyst for further price…
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