If pro-crypto candidate Donald Trump is elected 47th President of the United States next November, the price of Bitcoin (BTC) could reach $150,000 by the end of 2024estimates the Standard Chartered bank.
By now exploiting the theme of Bitcoin and cryptocurrencies, the former President of the United States has found a new opportunity to establish his opposition against his rival Joe Biden, which delights cryptocurrency fans and holders disappointed by a rather anti-crypto Biden administration until now.
Analysts at Standard Chartered bank say they expect a Bitcoin price to reach $100,000 in the run-up to the 2024 US presidential election.
A Bitcoin price which would then reach $150,000 if Donald Trump is elected President of the United States again.
Geoffrey Kendrick, head of currency and digital assets research at UK bank Standard Chartered, said in a note:
“I maintain my forecasts of $150,000 at the end of 2024 and $200,000 at the end of 2025 for BTC.
Before then, if tomorrow’s wages data is favorable, I would expect a new all-time high to be reached over the weekend.
As the US elections approach, I expect $100,000 to be reached, then $150,000 by the end of the year if Trump wins.»
As he indicates in his note, Geoffrey Kendrick is banking on a significant increase in the price of Bitcoin this weekend if the economic data on wages in the United States will be positive when they are published this Friday, June 7, 2024.
Faced with growing interest from pro-crypto voters for candidate Trump, Joe Biden’s campaign team and administration made a 180-degree turn by accepting at the last moment applications for spot Ethereum (ETH) ETFs. by BlackRock, ARK Invest, Fidelity, Grayscale, and Galaxy Digital/Invesco which the SEC intended to categorically refuse.
Let us also remember that, unlike Joe Biden, Donald Trump now accepts donations in cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), XRP, Shiba Inu (SHIB) and Solana (SOL) in order to finance his election campaign.
While waiting for a possible Bitcoin price of 150,000 from 2024, the BTC price is currently around 70,835 dollarsclick here to follow the Bitcoin price live.
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