Standard Chartered Predicts $150K Bitcoin as Bitcoin Bulls Expect Trump Victory

A research report from Standard Chartered suggests that Bitcoin could experience significant growth if Donald Trump wins the US election. The report highlights that clearer regulations and the potential for Bitcoin to serve as a hedge against inflation could attract investors to the cryptocurrency market. Traditional investors are increasingly turning to Bitcoin due to unfavorable economic conditions and uncertainty in the Treasury market. The report predicts that a second Trump presidency could bring about a tighter regulatory framework, leading to increased adoption and investment in digital assets. Analysts also note that the price of Bitcoin is positively correlated with developments in the Treasury market, indicating its potential as a hedge against de-dollarization and declining confidence in traditional financial instruments. Standard Chartered maintains a bullish outlook on Bitcoin, setting a year-end target of $150,000 and projecting a further rise to $200,000 by the end of 2025.