Standard Chartered has released a report predicting a potential rise in bitcoin’s value, could approach its previous high of $73,800 in the lead-up to the U.S. presidential election.
A few crypto outlets cite the report.
First: Several key factors are driving this trend
- renewed interest in spot bitcoin exchange-traded funds (ETFs)
- Trump’s improving election odds (could create a favorable environment for bitcoin)
- increased institutional interest, with substantial inflows into spot bitcoin ETFs and growing activity in bitcoin call options, particularly those with an $80,000 strike price