Crypto Blog
In the view of the bank’s global head of digital assets, Geoff Kendrick, who is quoted in a recent CoinDesk, Bitcoin could climb to $125,000 if former U.S. President Donald Trump wins the upcoming election or $75,000 under a Kamala Harris presidency.of SAB 121, a strict accounting policy enforced by the U.S. Securities and Exchange Commission on banks’ digital asset holdings, is likely to occur in 2025, providing a strong tailwind for Bitcoin.
Beyond the election, shifts in the U.S. Treasury market are another critical factor the bank’s head of crypto expects to support Bitcoin’s growth. He highlighted that the U.S. Treasury curve is currently re-steepening, with break-evens falling less sharply than real yields. At that time, it suggested BTC could even reach $150,000 by the end of the year if Trump returns to office. The lender believed that political factors, combined with regulatory and economic shifts, could provide a strong foundation for Bitcoin’s rise in the coming months.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AUD/USD Price Analysis: Extends uptrend towards next set of targetsAUD/USD has established a sequence of higher highs and higher lows on the 4-hour chart since it started rising off of the August 5 lows.
Read more »
NZD/USD Price Forecast: Moves above 0.6200, targets a seven-month highNZD/USD recovers recent losses from the previous session, trading around 0.6220 during Tuesday’s European hours.
Read more »
AI tokens see narrow gains as Wall Street banks raise price targets on NVDAAI tokens NEAR, ICP, RENDER and TAO briefly traded in the green on Thursday following Wall Street banks' positivity toward Nvidia's (NVDA) earnings report.
Read more »
Bitcoin (BTC) Price: Top Trader Weighs In on $250,000 Price TargetCan Bitcoin still reach $250,000 next year?
Read more »
NZD/USD Price Prediction: Uptrend still intact as price pushes against range highsNZD/USD reversed course after breaking out of the top of its consolidation range.
Read more »
Bitcoin Price Analysis: BTC Loses Momentum With Possible Price Declines to $56K and $52KCrypto Blog
Read more »