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On October 25, COINOTAG reported insightful analysis from Standard Chartered Bank’s Geoff Kendrick regarding the potential impact of the upcoming U.S. election on Bitcoin’s price trajectory. Kendrick posits that, should former President Donald Trump secure victory, Bitcoin could surge to approximately $125,000 by year-end. He predicts a significant move on Election Day, forecasting BTC’s value to hit around $73,000. Following this, a victory for Trump may catalyze an immediate 4% increase in Bitcoin, with an additional rise of 10% in subsequent days, according to market options data. Conversely, Kendrick anticipates a temporary decline in Bitcoin’s price if Vice President Kamala Harris is elected, estimating a stronger recovery to roughly $75,000 by December. This analysis underscores the nuanced relationship between political developments and cryptocurrency market volatility.
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