Bitcoin Set to Hit New Highs Regardless of 2024 U.S. Election Outcome

Standard Chartered predicts Bitcoin could reach $125K if Trump wins, $75K if Harris triumphs, citing regulatory progress.

Standard Chartered forecasts Bitcoin will hit new all-time highs by the end of 2024, irrespective of the U.S. presidential election results.
The bank projects Bitcoin could soar to $125,000 if Donald Trump wins, compared to $75,000 under a Kamala Harris presidency.
Analyst Geoff Kendrick notes that regulatory progress, including the potential repeal of SAB 121, will continue regardless of the election outcome.
Initial market reactions may vary, with a possible sell-off if Harris wins, but investors are expected to buy the dip due to ongoing positive catalysts.
Recent Polymarket odds show Kamala Harris narrowly leading Trump, with significant implications for swing states like Michigan, Wisconsin, and Nevada.