{"id":22153,"date":"2024-06-06T17:31:32","date_gmt":"2024-06-06T14:31:32","guid":{"rendered":"https:\/\/coinengineer.io\/?p=22153"},"modified":"2024-06-06T17:31:32","modified_gmt":"2024-06-06T14:31:32","slug":"standard-chartered-publishes-bitcoin-forecast-ahead-of-us-elections","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/standard-chartered-publishes-bitcoin-forecast-ahead-of-us-elections\/","title":{"rendered":"Standard Chartered Publishes Bitcoin Forecast Ahead of US Elections"},"content":{"rendered":"

Standard Chartered analyst Geoff Kendrick expects bitcoin<\/a> to reach $100,000 ahead of this year’s US presidential election. The analyst also noted that if Friday’s US Nonfarm Payrolls data is “positive”, the bitcoin price could reach a new record high over the weekend.<\/p>\n

Standard Chartered predicts that the Bitcoin<\/a> price could rise to $100,000 ahead of the US presidential election in November.<\/p>\n

\u201cAs we get closer to the US election, I expect to see $100,000 reached and $150,000 by the end of the year in the event of a Trump victory,\u201d Geoffrey Kendrick, head of forex and digital asset research at Standard Chartered Bank, said in an email to The Block on Thursday. in the mail. \u201cThe Biden administration showed pragmatism in approving spot ether ETFs, but then vetoed efforts to repeal SAB 121. So Trump is friendlier than Biden,\u201d Kendrick added.<\/p>\n

Drawing attention to tomorrow’s Non-Farm Employment data, the Standard Chartered analyst stated that if these data are “positive”, he expects the bitcoin price to reach a new record level over the weekend. \u201cThis will pave the way for $80,000 by the end of June,\u201d he said.<\/p>\n

Kendrick added that he maintained his year-end price forecast at $150,000 and his end-2025 forecast at $200,000.<\/p>\n

\u201cSpecifically, a price of $150,000 by the end of 2024 would see bitcoin join the $3 trillion market cap that NVDA reached yesterday,\u201d he said.<\/p>\n

According to data, Bitcoin has trended sideways over the last 24 hours and is currently trading at $70,979.<\/p>\n

\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Standard Chartered analyst Geoff Kendrick expects bitcoin to reach $100,000 ahead of this year’s US presidential election. The analyst also noted that if Friday’s US Nonfarm Payrolls data is “positive”, the bitcoin price could reach a new record high over the weekend. Standard Chartered predicts that the Bitcoin price could rise to $100,000 ahead of<\/p>\n","protected":false},"author":6,"featured_media":21045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[61,6690,2243,6691],"class_list":["post-22153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-genel","tag-bitcoin","tag-bitcoin-forecast","tag-standard-chartered","tag-standard-chartered-bitcoin"],"yoast_head":"\nStandard Chartered Publishes Bitcoin Forecast Ahead of US Elections - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Standard Chartered analyst Geoff Kendrick expects bitcoin to reach $100,000 ahead of this year's US presidential election.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/standard-chartered-publishes-bitcoin-forecast-ahead-of-us-elections\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Standard Chartered Publishes Bitcoin Forecast Ahead of US Elections - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Standard Chartered analyst Geoff Kendrick expects bitcoin to reach $100,000 ahead of this year's US presidential election.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/standard-chartered-publishes-bitcoin-forecast-ahead-of-us-elections\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-06T14:31:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/donald-trump-bitcoin-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/standard-chartered-publishes-bitcoin-forecast-ahead-of-us-elections\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/standard-chartered-publishes-bitcoin-forecast-ahead-of-us-elections\/\",\"name\":\"Standard Chartered Publishes Bitcoin Forecast Ahead of US Elections - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/standard-chartered-publishes-bitcoin-forecast-ahead-of-us-elections\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/standard-chartered-publishes-bitcoin-forecast-ahead-of-us-elections\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/donald-trump-bitcoin-1.jpg\",\"datePublished\":\"2024-06-06T14:31:32+00:00\",\"dateModified\":\"2024-06-06T14:31:32+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\"},\"description\":\"Standard Chartered analyst Geoff Kendrick expects bitcoin to reach $100,000 ahead of this year's US presidential election.\",\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/standard-chartered-publishes-bitcoin-forecast-ahead-of-us-elections\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/standard-chartered-publishes-bitcoin-forecast-ahead-of-us-elections\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/standard-chartered-publishes-bitcoin-forecast-ahead-of-us-elections\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/donald-trump-bitcoin-1.jpg\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/donald-trump-bitcoin-1.jpg\",\"width\":1200,\"height\":630,\"caption\":\"Donald Trump Crypto\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/standard-chartered-publishes-bitcoin-forecast-ahead-of-us-elections\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Standard Chartered Publishes Bitcoin Forecast Ahead of US Elections\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\",\"name\":\"Tanju Akb\u0131y\u0131k\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"caption\":\"Tanju Akb\u0131y\u0131k\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/cetanju\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Standard Chartered Publishes Bitcoin Forecast Ahead of US Elections - Coin Engineer","description":"Standard Chartered analyst Geoff Kendrick expects bitcoin to reach $100,000 ahead of this year's US presidential election.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/standard-chartered-publishes-bitcoin-forecast-ahead-of-us-elections\/","og_locale":"en_US","og_type":"article","og_title":"Standard Chartered Publishes Bitcoin Forecast Ahead of US Elections - Coin Engineer","og_description":"Standard Chartered analyst Geoff Kendrick expects bitcoin to reach $100,000 ahead of this year's US presidential election.","og_url":"https:\/\/coinengineer.net\/blog\/standard-chartered-publishes-bitcoin-forecast-ahead-of-us-elections\/","og_site_name":"Coin Engineer","article_published_time":"2024-06-06T14:31:32+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/donald-trump-bitcoin-1.jpg","type":"image\/jpeg"}],"author":"Tanju Akb\u0131y\u0131k","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tanju Akb\u0131y\u0131k","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/standard-chartered-publishes-bitcoin-forecast-ahead-of-us-elections\/","url":"https:\/\/coinengineer.net\/blog\/standard-chartered-publishes-bitcoin-forecast-ahead-of-us-elections\/","name":"Standard Chartered Publishes Bitcoin Forecast Ahead of US Elections - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/standard-chartered-publishes-bitcoin-forecast-ahead-of-us-elections\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/standard-chartered-publishes-bitcoin-forecast-ahead-of-us-elections\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/donald-trump-bitcoin-1.jpg","datePublished":"2024-06-06T14:31:32+00:00","dateModified":"2024-06-06T14:31:32+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546"},"description":"Standard Chartered analyst Geoff Kendrick expects bitcoin to reach $100,000 ahead of this year's US presidential election.","breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/standard-chartered-publishes-bitcoin-forecast-ahead-of-us-elections\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/standard-chartered-publishes-bitcoin-forecast-ahead-of-us-elections\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/standard-chartered-publishes-bitcoin-forecast-ahead-of-us-elections\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/donald-trump-bitcoin-1.jpg","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/donald-trump-bitcoin-1.jpg","width":1200,"height":630,"caption":"Donald Trump Crypto"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/standard-chartered-publishes-bitcoin-forecast-ahead-of-us-elections\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"Standard Chartered Publishes Bitcoin Forecast Ahead of US Elections"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546","name":"Tanju Akb\u0131y\u0131k","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","caption":"Tanju Akb\u0131y\u0131k"},"url":"https:\/\/coinengineer.net\/blog\/author\/cetanju\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/22153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=22153"}],"version-history":[{"count":1,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/22153\/revisions"}],"predecessor-version":[{"id":22154,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/22153\/revisions\/22154"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/21045"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=22153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=22153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=22153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}