Bitcoin Could Hit $150K by 2024-End on Hopes of Donald Trump Being Re-Elected: Standard Chartered

As a seasoned crypto investor with a keen eye for market trends, I firmly believe that Bitcoin’s value could potentially reach $150,000 by the end of 2024. This optimistic outlook is based on several factors, including the assumption that a Donald Trump victory in the U.S. election would be a positive boost for the crypto industry.

Bitcoin is poised to reach the coveted $150,000 mark by the end of this year based on its current trajectory. The inflow of substantial investments into spot Bitcoin ETFs continues unabated.

As a analyst, I’m holding firm to my predictions of $150K for Bitcoin by the end of 2024 and $200K by the end of 2025, as expressed in a Thursday note I recently shared with CoinDesk. Should tomorrow’s payrolls data yield favorable results, I anticipate a new all-time high to be achieved over the weekend.

“With the U.S. election around the corner, I anticipate reaching $100,000 and subsequently $150,000 by year-end if Trump wins, according to Kendrick’s prediction. As of now, crypto traders on Polymarket place bets on a 56% probability of Trump’s victory, whereas Biden has a 36% chance.”

On Tuesday, ETFs surpassed $15 billion in new investments for the initial time since their launch in January, invigorating optimism among Bitcoin traders. The influx of funds has gained momentum following a sluggish spell from mid-April to early May, during which no net additions and even withdrawals were recorded on certain days, including BlackRock’s IBIT.