{"id":11993,"date":"2024-10-25T06:44:05","date_gmt":"2024-10-25T06:44:05","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=11993"},"modified":"2024-10-25T06:44:08","modified_gmt":"2024-10-25T06:44:08","slug":"standard-chartered-predicts-bitcoin-could-hit-125k-with-trump-win","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/standard-chartered-predicts-bitcoin-could-hit-125k-with-trump-win\/","title":{"rendered":"Standard Chartered Predicts Bitcoin Could Hit $125K with Trump Win"},"content":{"rendered":"\n<p>Bitcoin prices could soar to $125,000 if the Republican Party secures control of the U.S. Congress following the November 5 elections, according to a forecast by Standard Chartered Bank analyst Geoff Kendrick. He also suggests that a victory for former President Donald Trump in the 2024 presidential election would be particularly bullish for Bitcoin.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Bitcoin&#8217;s Potential with a Trump Presidency<\/h3>\n\n\n\n<p>Kendrick is optimistic about Bitcoin&#8217;s future, especially if Donald Trump wins a second term. He predicts that Bitcoin will reach approximately $73,000 by November 5, the day of the election, and sees it rising another 14% shortly after if Trump wins. Specifically, Kendrick believes Bitcoin could increase 4% when the results are announced and climb another 10% in the following days.<\/p>\n\n\n\n<p>In a note to clients, Kendrick explained:<\/p>\n\n\n\n<p>&#8220;Our base case is that Bitcoin rises to around $73,000 by Election Day, catching up to betting-market probabilities of a Trump win. This is slightly below the $73,800 all-time high recorded in March.&#8221;<\/p>\n\n\n\n<p>Kendrick&#8217;s analysis highlights the strong correlation between a potential Trump victory and Bitcoin&#8217;s market momentum, as many investors associate his policies with favorable conditions for cryptocurrencies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What If Kamala Harris Wins?<\/h3>\n\n\n\n<p>While Kendrick is bullish on Bitcoin under a Trump presidency, he expects a more moderate increase if current Vice President Kamala Harris wins. In this scenario, Bitcoin would dip temporarily but still finish the year at around $75,000.<\/p>\n\n\n\n<p>The analyst also referenced various betting markets, including RealClearPolitics, which estimates Trump\u2019s odds of winning at 59%, and Polymarket, which places Trump\u2019s chances even higher at 75%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin prices could soar to $125,000 if the Republican Party secures control of the U.S. Congress following the November 5 elections, according to a forecast by Standard Chartered Bank analyst Geoff Kendrick. He also suggests that a victory for former President Donald Trump in the 2024 presidential election would be particularly bullish for Bitcoin. Bitcoin&#8217;s [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":8820,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[43],"tags":[],"class_list":{"0":"post-11993","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-general-news"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Standard Chartered Predicts Bitcoin Could Hit $125K with Trump Win<\/title>\n<meta name=\"description\" content=\"Bitcoin prices could soar to $125,000 if the Republican Party secures control of the U.S. Congress following the November 5 elections, according to a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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