Standard Chartered: Expect Bitcoin to Rise to $100,000 in November Election

Starting from the weekend morning, virtual currencies started a full surge mode. Bitcoin once returned to the $60,000 mark, and ethereum, tilde, dogcoin and other currencies also rose across the board. It is worth noting that Trump has made a number of comments in support of cryptocurrencies, and the latest draft of the Republican Party platform is clear to "end the suppression of cryptocurrencies" and mentioned that he opposes the introduction of a central bank digital currency, defends the right to mine bitcoin, and defends the right to the freedom of custody and trading of digital assets. Geoffrey Kendrick, Head of FX and Digital Asset Research at Standard Chartered, said that as Trump is friendlier to Biden on both bitcoin regulation and mining. With Trump's chances of being elected growing, expect bitcoin to rise to $100,000 for the November election and $200,000 by the end of next year.