{"id":16918,"date":"2024-09-12T16:29:44","date_gmt":"2024-09-12T13:29:44","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoins-record-high-forecast-unaffected-by-us-election-outcome\/"},"modified":"2024-09-12T16:29:44","modified_gmt":"2024-09-12T13:29:44","slug":"bitcoins-record-high-forecast-unaffected-by-us-election-outcome","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoins-record-high-forecast-unaffected-by-us-election-outcome\/","title":{"rendered":"Bitcoin’s Record High Forecast Unaffected by US Election Outcome"},"content":{"rendered":"

Bitcoin is poised to reach a new record by the year’s end, irrespective of the results of the US presidential election, according to Standard Chartered, reports The Block<\/a>.<\/p>\n

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“A Trump victory would push the price to $125,000, while Harris would lead to $75,000,”<\/em> the review states.<\/p>\n<\/blockquote>\n

Analysts believe that a Republican administration would accelerate progress in pro-cryptocurrency policies. Conversely, a Democratic win could cause a short-term price dip before shifting to positive factors.<\/p>\n

According to the prediction platform Polymarket<\/a>, Harris leads Trump by 1%. The betting volume on the outcome has approached $900 million.<\/p>\n

\"1-1207\"
Data: Polymarket.<\/figcaption><\/figure>\n

Standard Chartered asserts that the impact of the US presidential election on Bitcoin’s future trajectory is less significant than during the time when Joe Biden was the Democratic candidate.<\/p>\n

Experts based their forecast on the response to the evolving regulatory landscape for digital assets.<\/p>\n

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“Progress in easing regulations \u2014 particularly the repeal of SAB 121<\/span>, which imposes strict accounting rules for banks regarding cryptocurrency holdings \u2014 will continue in 2025 regardless of who is in the White House,”<\/em> the review states.<\/p>\n<\/blockquote>\n

As drivers, experts also mentioned the decline in US Treasury bills and the recovery of demand for BTC-ETF in October.<\/p>\n

By the end of the year, the price of digital gold could reach $90,000 if the Republican candidate wins or fall to $30,000 if Kamala Harris prevails, according to Bernstein.<\/p>\n

Bitwise’s Chief Investment Officer Matt Hougan concluded<\/a> that politicians’ attitudes are irrelevant to the crypto industry. A similar opinion was expressed<\/a> by former BitMEX CEO Arthur Hayes.<\/p>\n

In August, journalists questioned<\/a> Harris’s support for the digital asset industry following her absence from the Crypto4Harris event. Her campaign denied<\/a> these claims.<\/p>\n

Earlier, Bloomberg noted Bitcoin companies’ hopes<\/a> for Donald Trump’s return to the White House. <\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin is poised to reach a new record by the year’s end, irrespective of the results of the US presidential election, according to Standard Chartered, reports The Block. “A Trump victory would push the price to $125,000, while Harris would lead to $75,000,” the review states. Analysts believe that a Republican administration would accelerate progress […]<\/p>\n","protected":false},"author":1,"featured_media":16917,"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":[1146,569,842,36,128,1347],"class_list":["post-16918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-etf","tag-politics","tag-regulation","tag-sec","tag-standard-chartered-plc"],"aioseo_notices":[],"amp_enabled":true,"views":"40","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16918","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=16918"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16918\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/16917"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=16918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=16918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=16918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}