Standard Chartered analyst Jeff Kendrick believes that by the end of the year, Bitcoin will hit a new record, regardless of who becomes the president of the United States. He notes that the cryptocurrency’s price is influenced by global economic trends, including inflation and the growing demand for digital assets as a store of value.
According to his estimates, if Donald Trump wins, Bitcoin could rise to $125,000, due to more favorable business conditions and possible loosening of financial regulations. If Kamala Harris wins, Bitcoin is expected to reach $75,000, which may be linked to a more conservative economic policy and stricter cryptocurrency regulations.
Thus, regardless of the election outcome, Kendrick is confident that Bitcoin will continue to strengthen amid global economic uncertainty and increased interest in digital assets.
