Bitcoin could reach a new all-time high in August and then rise to $100,000 by the US presidential election in November, according to Standard Chartered, The Block.
The scenario’s implementation depends on Joe Biden’s prospects in the presidential race. His continued participation will support the preferred chances of victory of the more favorable to digital gold Donald Trump, experts said.
In the “least likely” event of Biden’s elimination at the end of July, the digital gold rate could face a drop to $50,000-55,000, experts noted.
In their opinion, replacing the current president with a “reliable” successor like Michelle Obama will lead to “keeping soft” the quotes of the first cryptocurrency.
Standard Chartered reminded that the key date is August 4, the deadline for candidates to register in Ohio. If changes do not occur by then, they will not happen until November, the analysts explained.
Earlier, CryptoQuant predicted the emergence of preconditions for a resumption of the rally in Q3.
Initially, the scenario of Bitcoin growth to $100,000 in November was presented by Standard Chartered experts in June.
That same month, Bloomberg reported on the institution’s plans to launch a trading unit to trade the first and second cryptocurrencies on the spot market.
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Source: Cryptocurrency
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