Standard Chartered states that Bitcoin is expected to reach new all-time highs by year-end, with projections of $125,000 if Trump wins and $75,000 if Harris triumphs.
The report emphasizes that positive catalysts, such as regulatory reforms, are anticipated to influence the crypto market significantly, regardless of the U.S. election outcome.
Geoff Kendrick explained that regulatory progress will be consistent, particularly concerning the repeal of SAB 121, whether Trump or Harris is in office, although it may take longer under a Harris presidency.
Despite potential initial sell-offs if Harris is elected, Kendrick predicts that investors will quickly recognize ongoing regulatory improvements and thus buy the dip.
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