Bitcoin could shoot up to $150,000 if Trump wins the US election
Jeff Kendrick, Head of Digital Asset Research at Standard Chartered, has made a startling prediction about the future value of Bitcoin.
According to Kendrick Bitcoin can jump up to $150,000 if Donald Trump wins the next US presidential election. He expects the cryptocurrency to reach $100,000 as the election approaches and potentially climb to $150,000 by the end of the year if Trump secures victory.
This forecast is shaped by a combination of economic indicators and political factors currently influencing the Bitcoin market. Kendrick emphasized that the upcoming US election is likely to be a major catalyst for the movement of the price of Bitcoin .
Kendrick also noted that Bitcoin could set a new high if the non-farm payrolls report due on Friday shows positive results. The current all-time high for Bitcoin is $73,770, reached on March 14. A favorable jobs report could push Bitcoin to $80 later this month.
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Is it a good time to buy Bitcoin at this price?This forecast highlights the significant impact that political events can have on the cryptocurrency market. With over 50 million holders of BTC and other cryptocurrencies in the United States, the outcome of the presidential election is expected to play a key role in determining the future price of Bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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