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Bitcoin to hit post-election high? 🗳️
Standard Chartered bank analysts predict Bitcoin will hit a new all-time high, whoever takes the White House
Stephen Graves
September 12, 2024
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Analysts for Standard Chartered bank predict that Bitcoin will hit a new all-time high regardless of who takes the White House in November, as Polymarket odds shifted to favor Kamala Harris.
While many analysts have argued that a second Trump presidency would bode well for Bitcoin, the bank isn’t convinced that the difference would be that stark—though it predicts that Bitcoin would hit $125,000 under Trump, and $75,000 were Harris to win.
In the shorter term, some experts cautioned that Bitcoin’s bullish momentum “appears to be fading,” even as Bitcoin’s recent all-time high hash rate pointed to a long-term buying opportunity.
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