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<ul>
 <li>Bitcoin may hit $100,000 before the US election, driven by positive U.S. job data.</li>
 <li>Geoff Kendrick forecasts $150,000 for Bitcoin by year-end if Trump wins.</li>
 <li>Approval of ether ETFs under Biden contrasts with Bitcoin’s potential under Trump</li>
</ul>
<p>Standard Chartered Bank analyst Geoff Kendrick predicts that before the next US presidential election, Bitcoin’s value will rise significantly and may perhaps hit $100,000. Positive results from the U.S. Non-Farm Payrolls data are expected to drive Kendrick’s estimate, which suggests that Bitcoin may reach a record high this coming weekend.</p>
<p><strong>Anticipated Market Trends</strong></p>
<p>According to Kendrick, if Trump wins the US presidential election, Bitcoin might hit $150,000 by year’s end. It might also reach $100,000 before the election. He backs this up with an analysis of the Trump administration’s position on cryptocurrencies and a comparison to Joe Biden’s.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> BREAKING: Bitcoin's Bull Run Ahead of US Elections! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Standard Chartered predicts <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> could hit $100,000 before the US elections! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4b0.png" alt="💰" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4b8.png" alt="💸" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Geoffrey Kendrick, head of Standard Chartered Bank's forex and digital assets research, sees <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> soaring to new heights as the… <a href="https://t.co/wYNYLh5OJy" rel="noopener noreferrer nofollow">pic.twitter.com/wYNYLh5OJy</a></p>— YG crypto (@ygcrypto) <a href="https://twitter.com/ygcrypto/status/1798686098862010415?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 6, 2024</a>
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<p>The analyst highlights the recent approval of spot ether ETFs by the Biden administration, juxtaposed with Biden’s vetoing of efforts to repeal SAB 121. These contrasting actions suggest to Kendrick that Trump remains more favourable towards the crypto market.</p>
<p><strong>Market Implications</strong></p>
<p>Kendrick’s predictions also encompass a potential rise to $80,000 by the end of June, alongside a steadfast year-end projection of $150,000 for Bitcoin. Notably, achieving the $150,000 mark by the conclusion of 2024 would position Bitcoin among the elite $3 trillion market cap club, mirroring NVDA’s recent achievement.</p>
<p>Bitcoin’s current trading standings at $70,810 at the time of writing, indicates a market poised for significant fluctuations as per Kendrick’s analysis.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also:</h4>
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 <li><a href="https://cryptonewsland.com/standard-chartered-expects-btc-crash-to-5k-blame-sbf/" rel="noopener noreferrer nofollow">Standard Chartered Expects BTC Crash to $5K, Blame SBF</a></li>
 <li><a href="https://cryptonewsland.com/standard-chartered-bank-predicts-bitcoin-to-reach-50000/" rel="noopener noreferrer nofollow">Standard Chartered Bank Predicts Bitcoin to Reach $50,000 by Year-End and Surpass $120,000 in 2023</a></li>
 <li><a href="https://cryptonewsland.com/trump-building-bitcoin-army-to-boost-2024-campaign-against-biden/" rel="noopener noreferrer nofollow">Trump Building Bitcoin Army to Boost 2024 Campaign Against Biden</a></li>
 <li><a href="https://cryptonewsland.com/solana-sol-and-ripples-xrp-could-make-their-debut-in-2025-according-to-standard-chartered-bank/" rel="noopener noreferrer nofollow">Solana (SOL) and Ripple’s XRP Could Make Their Debut in 2025 According to Standard Chartered Bank</a></li>
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<p>The post <a href="https://cryptonewsland.com/bitcoins-surge-to-100k-before-us-election-predicted-by-standard-chartered/" rel="noopener noreferrer nofollow">Bitcoin’s Surge to $100K Before US Election Predicted by Standard Chartered</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitcoin’s Surge to $100K Before US Election Predicted by Standard Chartered

Crypto News Land

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