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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: sirty143 on June 09, 2024, 07:28:26 AM

Title: Standard Chartered Predicts Bitcoin to Hit $100K Pre-Election, $150K if Trump Wi
Post by: sirty143 on June 09, 2024, 07:28:26 AM
Standard Chartered Predicts Bitcoin to Hit $100K Pre-Election, $150K if Trump Wins

Standard Chartered expects bitcoin to climb to $100,000 as the U.S. presidential election approaches and potentially reach $150,000 if former U.S. President Donald Trump wins. The bank’s head of digital asset research cites Trump’s perceived crypto-friendly stance as key for this bullish outlook for bitcoin. Trump’s administration is seen as fostering a supportive regulatory environment, which could further boost cryptocurrency markets. See more for yourself here (https://news.bitcoin.com/standard-chartered-predicts-bitcoin-to-hit-100k-pre-election-150k-if-trump-wins/).

Your opinion is greatly appreciated.
Title: Re: Standard Chartered Predicts Bitcoin to Hit $100K Pre-Election, $150K if Trump Wi
Post by: yhiaali3 on June 09, 2024, 12:49:22 PM
Interesting forecast especially coming from a central bank, things seem to be developing dramatically.

Everyone expects the price of Bitcoin to reach 100K$ after the Halving, but now we have a new factor for a new rise in the price of Bitcoin to 150K$ if Trump wins the US presidential elections.

Regardless of whether Trump is sincere in his promises of openness towards Bitcoin and cryptocurrencies, we will witness exciting months ahead until the results of the presidential elections are released, in which Trump is widely expected to win. After that, we will see the credibility of Trump’s promises.
Title: Re: Standard Chartered Predicts Bitcoin to Hit $100K Pre-Election, $150K if Trump Wi
Post by: Stompix on June 09, 2024, 02:57:51 PM
Quote from: yhiaali3 on June 09, 2024, 12:49:22 PM
Interesting forecast especially coming from a central bank, things seem to be developing dramatically.

Standard Chartered is a consumer and retail bank not a central bank and funny enough they have almost no presence in the US.
Besides, they really suck at predictions:

SEP 08, 2021:
Quote
In a new report by Standard Chartered’s cryptocurrency research unit, Bitcoin is predicted to hit $100,000 “in late 2021 or early 2022,” accompanied by a huge Ether price spike.

So they are still 2 years off and about 1/3 of the price!  :D
Title: Re: Standard Chartered Predicts Bitcoin to Hit $100K Pre-Election, $150K if Trump Wi
Post by: yhiaali3 on June 09, 2024, 09:26:56 PM
Quote from: Stompix on June 09, 2024, 02:57:51 PM
Besides, they really suck at predictions:

SEP 08, 2021:
Quote
In a new report by Standard Chartered’s cryptocurrency research unit, Bitcoin is predicted to hit $100,000 “in late 2021 or early 2022,” accompanied by a huge Ether price spike.

So they are still 2 years off and about 1/3 of the price!  :D
I liked the phrase “Standard Chartered Cryptocurrency Research Unit” They seem to have an incredibly professional research unit!!! They are only 2 years behind their expectations!!! :o

Perhaps they hope that they will succeed in their prediction this time and make up for the previous disappointment, especially since even children now believe that Bitcoin will reach 100K soon.
Title: Re: Standard Chartered Predicts Bitcoin to Hit $100K Pre-Election, $150K if Trump Wi
Post by: Stompix on June 09, 2024, 10:33:45 PM
Quote from: yhiaali3 on June 09, 2024, 09:26:56 PM
I liked the phrase “Standard Chartered Cryptocurrency Research Unit” They seem to have an incredibly professional research unit!!! They are only 2 years behind their expectations!!! :o

They actually set up a division for crypto and hired a few guys for it :
https://www.sc.com/en/press-release/standard-chartered-initiates-research-coverage-of-crypto-assets/
with a  fx trader leading it so theoretically they should know a thing or two..but:

Quote
Sep 07, 2021
Standard Chartered Report Structurally Values Ethereum at '$26K to $35K'

kids would be better at this  ;)
 
Title: Re: Standard Chartered Predicts Bitcoin to Hit $100K Pre-Election, $150K if Trump Wi
Post by: TomPluz on June 24, 2024, 04:00:21 PM
Quote from: sirty143 on June 09, 2024, 07:28:26 AM
Standard Chartered expects bitcoin to climb to $100,000 as the U.S. presidential election approaches and potentially reach $150,000 if former U.S. President Donald Trump wins.

As a big fan of Donald J. Trump who is the former president and leading in many polls against the current POTUS named Joe Biden, I am sure the crypto market can be reacting positively for Trump's chances of winning the coming November election and in case he can win it then he will surely be embraced by the cryptocurrency industry and will start to ask him to make his promises come to life. In comparing the two candidates  - Trump and Biden - the former is known to be a lot more friendly to the crypto industry and some quarters are telling us that Biden is actually an enemy. Of course, nobody can be sure how BTC will be acting under this prospect of Trump but with a positive vibe maybe there can some surge to happen with its price. Again, this is just a matter of prediction with some 50-50 chance of happening and if done related to the election this is just actually adding more excitement to the air. At the end of the election cycle, all things can be forgotten or they can be revisited for some lessons learned. 


Title: Re: Standard Chartered Predicts Bitcoin to Hit $100K Pre-Election, $150K if Trump Wi
Post by: bitterguy28 on June 27, 2024, 01:47:11 PM
Quote from: sirty143 on June 09, 2024, 07:28:26 AM
Standard Chartered Predicts Bitcoin to Hit $100K Pre-Election, $150K if Trump Wins

Standard Chartered expects bitcoin to climb to $100,000 as the U.S. presidential election approaches and potentially reach $150,000 if former U.S. President Donald Trump wins. The bank’s head of digital asset research cites Trump’s perceived crypto-friendly stance as key for this bullish outlook for bitcoin. Trump’s administration is seen as fostering a supportive regulatory environment, which could further boost cryptocurrency markets. See more for yourself here (https://news.bitcoin.com/standard-chartered-predicts-bitcoin-to-hit-100k-pre-election-150k-if-trump-wins/).

Your opinion is greatly appreciated.
This shows hos Standard Chartered have high believe in Trump to be a bitcoin supporter same as the people trusting him?
but seeing at perceiving to be crypto friendly ? Donald Trump is a businessman and sure everything that can generate him good return will be his favor so i think he is not just using this community to help him by any chance .

but also the date -

Tuesday, November 5, 2024 Election · United States · President

this is what I found in internet

Former President Trump is in talks to speak at the big Bitcoin 2024 convention in Nashville at the end of July, according to two sources familiar with the matter.

Why it matters: Trump's embrace of crypto has contrasted with President Biden's coolness toward digital currency — and led some wealthy crypto investors to back the Republican's campaign.



https://www.axios.com/2024/06/24/trump-bitcoin-nashville-cryptocurrency

Title: Re: Standard Chartered Predicts Bitcoin to Hit $100K Pre-Election, $150K if Trump Wi
Post by: Jating on June 28, 2024, 03:11:02 PM
Not sure what to make of their prediction though, I mean we are all looking that $100k is achievable, but there could be some factors that might push it to reach that level, and so Trump winning will make this happened?
In any case, news in the US, like approval of Spot Bitcoin ETF by SEC pushes price boundaries. My point is that politics in the US might or might not play a big role for Bitcoin to hit that 6 figures that we all wanted to see in this bull run.
On the other hand, Joe Biden’s horrific debate performance casts his entire candidacy into doubt. (https://www.economist.com/united-states/2024/06/28/joe-bidens-horrific-debate-performance-casts-his-entire-candidacy-into-doubt)