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Bitcoin’s trajectory could see a significant upswing, potentially hitting $100,000 before the U.S. presidential election in November. Standard Chartered’s Geoffrey Kendrick forecasts this increase, suggesting a climb to $150,000 by year-end if Trump wins. This prediction follows recent policy actions by the Biden administration, including both approvals and vetoes related to digital asset regulations.
The impending Non-Farm Payrolls data is another critical factor. A positive outcome could propel Bitcoin to a new all-time high this weekend, setting the stage for a possible $80,000 by the end of June. Kendrick remains committed to his $150,000 target for the year’s end and sees Bitcoin reaching a $200,000 milestone by the end of 2025.
Reaching these heights would elevate Bitcoin into the elite $3 trillion market cap club, a status recently achieved by NVDA. Kendrick’s analysis suggests a robust potential for Bitcoin’s growth in the near future, influenced by both political and economic indicators.
