Standard Chartered: Bitcoin could reach $100,000 before US election

Geoffrey Kendrick, the head of foreign exchange and digital asset research at Standard Chartered Bank, said: "With the approaching of the US election, I expect the price of Bitcoin to reach $100,000, and if Trump wins, it will reach $150,000 by the end of the year." "The Biden administration has recently shown a pragmatic attitude in approving spot Ethereum ETFs, but then Biden vetoed the efforts to abolish SAB 121. So Trump is still more friendly than Biden."