Standard Chartered says bitcoin could hit $100,000 ahead of US elections

Standard Chartered's Geoff Kendrick expects bitcoin to hit $100,000 ahead of the U.S. presidential elections in November of this year.

Bitcoin's price could increase to $100,000 ahead of the U.S. presidential election in November, according to Standard Chartered.

The Standard Chartered analyst pointed to tomorrow’s Non-Farm Payrolls data and noted that, if they are "friendly," he expects a fresh all-time-high for bitcoin's price to be reached over the weekend. "This would open the way for $80,000 by end-June," he said.

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