An executive at Standard Chartered has made a significant prediction that Bitcoin will trade at $200,000 by next year regardless of who wins the November US presidential election. According to him, the upcoming government may revoke the Staff Accounting Bulletin -121 policy. Kendrick claimed that factors related to policy changes, an uptick in inflation expectations, and inflows into spot Bitcoin ETFs would drive Bitcoin’s price to unprecedented levels. He also asserted that a Trump victory would drive Bitcoin’s price to $125,000 by the end of this year.
