Analysts Predict Bitcoin's Future Price in the Context of US Elections

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Analysts Expect Bitcoin Price Rise
  2. Standard Chartered Forecasts
  3. Bernstein Analysts' Opinion


    4. With only a short time left for the US elections, which are considered critical for Bitcoin and cryptocurrencies, expectations for the BTC price are also increasing.

    Analysts Expect Bitcoin Price Rise

    Although analysts generally believe that Trump's election victory is essential for Bitcoin and cryptocurrencies to rise, some analysts believe that crypto prices will rise regardless of the election.

    Standard Chartered Forecasts

    One of them was Standard Chartered analysts. According to Coindesk, Standard Chartered analysts think that regardless of the US election results, the Bitcoin price could reach a record level by the end of the year.

    The bank stated in the report that they expect Bitcoin to reach new record levels by the end of the year regardless of who wins the elections, and said that if Trump wins, the price of Bitcoin could reach $125,000, and if Harris wins, it could reach $75,000.

    The bank added that regardless of the election results, positive catalysts such as regulatory reform are expected to dominate the cryptocurrency market and be effective in driving the rise. "Progress on easing regulations, particularly the repeal of SAB 121, which imposed strict accounting rules on banks’ digital assets, will continue into 2025 regardless of who is in the White House. We also think current developments in US Treasury markets – breakevens falling short of real yields and a steepening curve where risk-neutral yields are falling while the term premium is fixed – will provide positive momentum for Bitcoin,” said Geoff Kendrick, head of digital asset research at Standard Chartered.

    Bernstein Analysts' Opinion

    Bernstein analysts also recently stated that if Trump wins the election, the BTC price will rise to $90,000, but if Harris wins, the price will drop to between $30,000 and $40,000.

    Analysts' predictions about Bitcoin's price in the context of the US elections vary significantly, but many agree that positive regulatory changes will drive the cryptocurrency market's growth in the coming years.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

BAI Establishes Global Settlement Layer for AI Agents to Enhance Collaboration

chest

BAI is building a global settlement layer to enhance collaboration and efficiency among AI agents across various workflows.

user avatarTomas Novak

BAI Launches Free Access to Premium AI Models, Surpassing 133 Trillion Daily Tokens

chest

BAI has launched free access to its premium AI models, leading to a significant increase in platform activity and user adoption.

user avatarKaterina Papadopoulou

Axis Robotics Unveils Axis Sim Dataset V1 for Enhanced Robotic Manipulation

chest

Axis Robotics has released Axis Sim Dataset V1, one of the largest open-source simulation datasets for Franka arm manipulation, featuring over 50,000 human-teleoperated simulation trajectories.

user avatarMaya Lundqvist

ENS Proposes Migration to Layer 2 Registry Model

chest

Ethereum Name Service (ENS) has initiated discussions on a proposal to migrate domain registration and renewal to a Layer 2 registry model to reduce costs.

user avatarLeo van der Veen

BNB Chain Sets Activation Schedule for Lorentz Hard Fork

chest

BNB Chain developers have announced the activation schedule for the Lorentz hard fork, set to occur at block height 42,100,000, introducing BEP341 transaction priority changes aimed at reducing gas costs.

user avatarLi Weicheng

The Growth of Actively Validated Services in EigenLayer

chest

EigenLayer's success in restaking relies on the growth of Actively Validated Services (AVSs) that utilize restaked security, which is essential for generating sustainable fees and ensuring the overall success of the restaking model.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.