Ethereum is still working on a complementary plan for parallel EVM, but Bitcoin can be soon expecting its own parallel VM layer 2.

Let’s firstly understand why Ethereum cannot achieve parallel EVM.

To maintain network consistency and security, EVM has a crucial feature in its design: transactions are executed sequentially. Sequential execution ensures that transactions and smart contracts can be executed in a deterministic order, making it easier to manage and predict the blockchain’s state. This design choice prioritizes security, reducing potential complexities and vulnerabilities associated with parallel execution. However, under high loads of transaction requests, this sequential…

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In a bold forecast, Standard Chartered’s head of digital assets research, Geoff Kendrick, has predicted that Bitcoin could surge to $150,000 if Donald Trump wins the upcoming U.S. presidential election. “As we approach the U.S. election, I expect $100,000 to be reached and then $150,000 by year-end in the case of a Trump victory,” Kendrick stated.

JUST IN: #Bitcoin to reach $150,000 if Donald Trump wins presidency, says Standard Chartered. pic.twitter.com/4Kaq4P0BRf

— Bitcoin Magazine (@BitcoinMagazine) June 6, 2024

The prediction comes amidst a backdrop of economic indicators and political developments influencing the Bitcoin market. Kendrick highlighted that the next significant driver…

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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.

The Block