Standard Chartered Bank analyst: SOL hitting a new high before the end of the year seems "inevitable", BTC will reach $125,000

According to Golden Finance, Geoff Kendrick, an analyst at Standard Chartered Bank who predicted that Bitcoin would reach $80,000 before the US presidential election, predicts that Bitcoin will continue to rise until the end of this year and will "easily reach" $100,000 before some Bitcoin options expire on December 27.

"I predict that the price of Bitcoin will reach $125,000 by the end of the year, which is the next level. Although I note that many trades related to Trump reached their peak around January 20, the inauguration ceremony, after the 2016 election...Therefore, if Bitcoin cannot reach $125,000 by December 31, I believe it will reach it by January 20," Kendrick, the bank's director of foreign exchange and digital asset research, said in an email last Sunday.

Kendrick further predicts that given the recent rise in Ethereum and Solana, the rise in Bitcoin prices may "benefit all investors," and the performance of some tokens may exceed that of Bitcoin.

Kendrick wrote: "It seems inevitable that SOL will reach a new historical high before the end of this year (the historical high set in November 2021 was $260). ETH may have to wait until the inauguration ceremony to set a new historical high (set at $4,866 in November 2021), but overall, we believe that these assets will continue to rise, and SOL may perform the best."