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Standard Chartered Predicts Bitcoin Could Reach $73,800 Before U.S. Presidential Election, Valued at $800 Billion

Standard Chartered has forecasted that Bitcoin could potentially reach a new all-time high of $73,800
By: DeepNewz • October 15, 2024
Standard Chartered Predicts Bitcoin Could Reach $73,800 Before U.S. Presidential Election, Valued at $800 Billion

Standard Chartered has forecasted that Bitcoin could potentially reach a new all-time high of $73,800 before the upcoming U.S. presidential election. The bank attributes this potential surge to several factors, including a steepening U.S. Treasury yield curve and increased interest in spot Bitcoin exchange-traded funds (ETFs).

The prediction reflects a broader optimism in the cryptocurrency market, driven by macroeconomic trends and changing market dynamics as the election approaches. Standard Chartered, valued at approximately $800 billion, is closely monitoring these developments as they could significantly influence Bitcoin's price trajectory.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

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