{"id":14134,"date":"2024-06-06T14:52:08","date_gmt":"2024-06-06T11:52:08","guid":{"rendered":"https:\/\/forklog.com\/en\/standard-chartered-predicts-bitcoin-to-reach-100000-before-us-elections\/"},"modified":"2024-06-06T14:52:08","modified_gmt":"2024-06-06T11:52:08","slug":"standard-chartered-predicts-bitcoin-to-reach-100000-before-us-elections","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/standard-chartered-predicts-bitcoin-to-reach-100000-before-us-elections\/","title":{"rendered":"Standard Chartered Predicts Bitcoin to Reach $100,000 Before US Elections"},"content":{"rendered":"

Bitcoin is projected to rise to $100,000 by November, with a new all-time high potentially being set as early as this weekend, according to Standard Chartered, reports The Block<\/a>.<\/p>\n

This early formation of a new ATH<\/span> could be driven by “favorable” US employment data on June 7. In such a scenario, the digital gold’s price could approach $80,000 by the end of the month, experts indicated.<\/p>\n

\n

“As the US elections approach, I expect the price to reach $100,000, and in the event of a Trump victory, $150,000 by the end of the year. The latter is more positively inclined than Biden. The current administration has shown pragmatism, approving an ETH-ETF<\/a>, but subsequently, the president vetoed a resolution to repeal SAB 121<\/a>,” the statement reads.<\/p>\n<\/blockquote>\n

Standard Chartered confirmed<\/a> their target for Bitcoin’s growth to $150,000 by the end of the year and $200,000 by the end of 2025.<\/p>\n

Earlier, the institution’s experts identified<\/a> SOL and XRP as contenders for ETF launches next year.<\/p>\n

QCP Capital has noted growing expectations of a “decisive breakthrough” of the all-time high by the end of June.<\/p>\n

Previously, Glassnode recorded a renewed interest in Bitcoin purchases.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin is projected to rise to $100,000 by November, with a new all-time high potentially being set as early as this weekend, according to Standard Chartered, reports The Block. This early formation of a new ATH could be driven by “favorable” US employment data on June 7. In such a scenario, the digital gold’s price […]<\/p>\n","protected":false},"author":1,"featured_media":14133,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1146,1280,842,1347],"class_list":["post-14134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-elections","tag-politics","tag-standard-chartered-plc"],"aioseo_notices":[],"amp_enabled":true,"views":"7","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/14134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=14134"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/14134\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/14133"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=14134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=14134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=14134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}