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.
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.
You may also like
Oranjebtc cancels 25 million treasury shares without capital reduction
The Last Time Treasury Yields Hit 6%, Bitcoin Didn't Exist — What Happens If They Get There Again?
Goldman Sachs: AI storage chip demand is underestimated, South Korean stock market still has 80% upside potential
Goldman Sachs Asia-Pacific Chief Equity Strategist Timothy Moe maintains a KOSPI target of 12,000 points, implying an almost 80% increase from the current level. He points out that the market is systematically underestimating the sustainability of the AI storage chip profit cycle. Capital expenditures by US tech giants may exceed $1.2 trillion next year, and the chip shortage triggered by data center expansion will further intensify in 2027. The current KOSPI is trading at only 5.3 times expected earnings, about half of its historical average.
Norwegian sovereign wealth fund may cut $80 billion US Treasury holdings; high-rated mortgage securities expected to become new favorites
Norway's sovereign wealth fund, with a scale of $2.3 trillions, has recommended reducing government bond holdings and reallocating funds towards higher-yielding fixed income assets.
Crypto prices
More
