Bitcoin Predicted to Reach New All-Time High in 2024, Says Standard Chartered
- Bitcoin could hit $125,000 if Trump wins, or $75,000 if Harris wins the US presidential election.
- Regulatory changes and increasing investments in Bitcoin ETFs are key growth drivers.
- Market maturity suggests less dependency on political outcomes compared to previous years.
Standard Chartered analyst Jeff Kendrick highlights that regulatory advancements, such as the easing of SAB 121, will significantly contribute to Bitcoin’s price surge. This steady regulatory progress is expected to positively impact Bitcoin through 2025.
As the cryptocurrency market continues to evolve, factors like regulatory changes and institutional investment will likely drive Bitcoin’s growth, positioning it for remarkable gains regardless of political shifts.
