In a report released on Tuesday, **Standard Chartered Bank** stated, “The price of **Bitcoin** is likely to reach new highs in August, followed by a surge to **100,000 US dollars** during the US presidential election in November.” Analysts at Standard Chartered believe that Trump has a “positive attitude towards Bitcoin,” and they note that the former president’s chances of election correlate positively with Bitcoin’s price. “The logic here is that under Trump’s leadership, both regulation and mining would receive more favorable treatment.”
The analysts at Standard Chartered also mentioned a “least likely” scenario where Biden drops out of the presidential race at the end of July, which could lead to a drop in Bitcoin’s price to between **50,000 and 55,000 US dollars**.
**Tags:**
Bitcoin
Standard Chartered Bank
US Election
**Source Link:**
[The Block – Standard Chartered Forecasts Bitcoin Could…]
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