Bitcoin Could Skyrocket to $125K if Trump Wins, Standard Chartered Analyst Predicts
Analyst Geoff Kendrick projects Bitcoin could hit $125K by year-end if Trump wins, with strong growth expected in crypto markets even beyond election results
A new analysis from Geoff Kendrick, a prominent analyst at Standard Chartered Bank, has caught the attention of investors: Bitcoin could soar to an astonishing $125,000 by the end of the year if Republicans secure control of Congress in the upcoming U.S. elections on November 5. Kendrick projects that Bitcoin could near $73,000 by Election Day—just short of its all-time high—before potentially skyrocketing. If Trump wins, Kendrick foresees an immediate 4% rise in Bitcoin’s price, with another 10% increase shortly after, as confidence surges among crypto investors.
Polymarket’s data shows Trump currently leads with a 59% chance of victory, although a recent $20 million bet by a whale investor may have skewed these odds. This high-stakes bet has further stoked anticipation, aligning with Kendrick’s expectations of a significant Bitcoin rally.
Bitcoin’s Resilience and Growth Potential Even If the Election Outcome Differs
Kendrick’s analysis also sees a promising outlook for Bitcoin even if Kamala Harris wins the presidency, projecting a year-end target of $75,000. His perspective resonates with a growing belief in the crypto community that Bitcoin’s long-term growth is solid, regardless of who wins the election. Over recent years, Bitcoin’s position as an inflation hedge and a safeguard against economic uncertainty has made it increasingly popular among institutional and individual investors alike. This ongoing interest highlights Bitcoin’s potential as a core asset, often referred to as “digital gold.”
Advertisement
Institutional Adoption Boosts Bitcoin’s Stability and Long-Term Appeal
Bitcoin’s future growth is also bolstered by increasing involvement from major Wall Street firms and financial institutions. The arrival of Bitcoin exchange-traded funds (ETFs) and broader access for institutional investors has made Bitcoin more mainstream. As institutions begin adopting Bitcoin for portfolio diversification, the asset’s price is likely to see more stability, reducing the volatility that has kept some traditional investors on the sidelines. Kendrick emphasizes that these new financial products allow for exposure to Bitcoin without directly holding the asset, an attractive option for cautious investors.
Other Analysts Are Bullish on Bitcoin’s Post-Election Trajectory
Kendrick’s optimistic outlook is echoed by other market experts, who also see potential gains for Bitcoin in the near future. Executives at Bitwise, for instance, predict a rise to $92,000 if Trump wins, while Deribit, a major platform for crypto derivatives, forecasts $80,000 by the end of November. BlackRock CEO Larry Fink has voiced confidence in Bitcoin’s future, noting its growing role as a major financial asset, regardless of the election’s outcome.
With Bitcoin’s rising status in traditional finance, its appeal to investors goes beyond politics. Bitcoin’s limited supply and decentralized nature make it an attractive asset for those seeking alternatives to traditional financial instruments. With Wall Street’s growing interest, Bitcoin may become a staple investment, potentially holding a prominent position alongside stocks, bonds, and precious metals in diversified portfolios.
Bitcoin’s Future Role in the Financial World: Building on Growing Institutional Interest
As traditional financial institutions adapt to the demands of a changing market, digital assets like Bitcoin are gaining ground. The gradual shift toward crypto acceptance indicates that Bitcoin could soon play an even larger role in financial markets, both as an investment and a form of digital currency. For many investors, Bitcoin represents a hedge against inflation and economic instability, reinforcing its appeal as a secure, long-term asset.
In conclusion, Kendrick’s forecast of a possible $125,000 Bitcoin by year-end is contingent upon several key factors, with the upcoming U.S. election being a primary influence. Nevertheless, Bitcoin’s increasing appeal to institutional investors and its reputation as a safe haven against inflation suggest the potential for ongoing growth, regardless of the election outcome.
Also Read: Bitcoin Could Reach $80K Post US Presidential Election: What Investors Should Expect
