Standard Chartered, a prominent bank, has made a significant forecast regarding the price of Bitcoin amidst the current bullish sentiments in the market. The bank predicts that Bitcoin, currently seeing an upward trend with calls for $100,000, will surge even further. According to Standard Chartered's projection, Bitcoin is expected to hit $100,000 prior to the upcoming U.S. presidential elections. Geoffrey Kendrick, the head of digital assets research at Standard Chartered, pointed out that the outcome of the U.S. Nonfarm Payrolls data, scheduled for Friday, could play a crucial role in Bitcoin's price movement. Kendrick speculated that a positive report could propel the Bitcoin price to a new all-time high during the weekend. Standard Chartered's analysis indicates that if the data indeed proves favorable, Bitcoin could reach $80,000 by the end of June. Looking ahead, Kendrick reaffirmed the bank's long-term forecast, estimating Bitcoin to reach $150,000 by 2024 and $200,000 by 2025. The bank's stance on Bitcoin is in contrast to the approval of spot Ethereum ETFs by the Biden administration, despite Biden's decision to reject the repeal of SAB 121. Overall, Standard Chartered remains bullish on cryptocurrencies, particularly highlighting Trump's favorable stance towards them compared to Biden's approach.