Expert predicts Bitcoin to reach $125,000 in 2021 if Trump secures victory
Morning Brief hosts Seana Smith and Brad Smith engage in a conversation with Geoff Kendrick, the head of crypto research at Standard Chartered, delving into the potential impact of the 2024 US presidential election outcomes on bitcoin (BTC-USD) and the broader crypto market.
Kendrick expresses his optimism, stating, “I think we will go to fresh all-time highs by the end of this year, no matter what happens in the US election.” He further elaborates that a Trump presidency could have a more favorable impact, given Trump’s relatively positive stance on bitcoin. Kendrick projects that if Trump secures a win, bitcoin could soar to $125,000 by the close of 2024.
In the scenario involving Harris, Kendrick anticipates a rise in bitcoin value to around $75,000 by the end of the current year. He asserts that crypto investors would still witness a positive trajectory, albeit with a markedly more optimistic outcome in a potential second term for President Trump.
Looking ahead, Kendrick shares his bullish forecast, expecting bitcoin to reach $200,000 by the conclusion of the following year, irrespective of the occupant of the White House.
For those seeking further expert insights and staying updated on the latest market movements, the full episode of Morning Brief can be viewed by clicking here.
Naomi Buchanan authored this post.
