Standard Chartered noted that the decline in the US government bond curve creates conditions for strengthening positions in high-risk assets, including the first cryptocurrency. An increase in open interest in call options expiring at the end of December with a strike price of $100,000 reinforces investors’ positive expectations for Bitcoin, experts say.
As an additional factor in favor of increasing the value of digital gold, analysts pointed to the speech of US Democratic Party candidate Kamala Harris, who promised to encourage innovative technologies in the field of blockchain and digital assets if she wins the presidential election in November.
“Comments like this suggest that any outcome on November 5th will ultimately have a positive impact on Bitcoin,” the specialists commented.
In their opinion, investors have changed their strategies and now prefer to hold Bitcoin in their portfolios.
Earlier, experts from Bitget Research said that next month the Bitcoin rate will be able to exceed the September rate and will be in the range from $58,000 to $72,000.
Source: Bits
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