Will There Be a Trump Rally in Bitcoin? Expecting 150 Thousand Dollars in BTC, Standard Chartered Announced!

CoinMarketCap05-08

UK-based giant bank Standard Chartered increased its Bitcoin price forecast for the end of 2024 to $150,000. At this point, the bank, which expects a long-term rise in BTC, said in a new report that ...

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Expecting 150 Thousand Dollars in BTC, Standard Chartered Announced!","media":"CoinMarketCap","content":"<div>\n<p>UK-based giant bank Standard Chartered increased its Bitcoin price forecast for the end of 2024 to $150,000.\nAt this point, the bank, which expects a long-term rise in BTC, said in a new report that ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/663a6ad66abcb60666a3526f/\">Source Link</a>\n\n</div>\n","source":"coinmarketcap_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Will There Be a Trump Rally in Bitcoin? 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Expecting 150 Thousand Dollars in BTC, Standard Chartered Announced!\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-08 01:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/663a6ad66abcb60666a3526f/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>UK-based giant bank Standard Chartered increased its Bitcoin price forecast for the end of 2024 to $150,000.\nAt this point, the bank, which expects a long-term rise in BTC, said in a new report that ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/663a6ad66abcb60666a3526f/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SMP","symbol_name":"Standard Motor Products Inc","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/663a6ad66abcb60666a3526f/","article_id":"2433733037","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/2389b914393d4905abb1531bdd455c70.png"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2433733037","pubTimestamp":1715104462,"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"UK-based giant bank Standard Chartered increased its Bitcoin price forecast for the end of 2024 to $150,000. At this point, the bank, which expects a long-term rise in BTC, said in a new repo","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SMP":"Standard Motor Products Inc","BTC":"ClearShares Piton Intermediate Fixed Income ETF","BK4124":"机动车零配件与设备"},"translate_title":"比特币会有特朗普集会吗？渣打银行宣布，预计BTC将获得15万美元！","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTC":1,"SMP":1},"content_text":"UK-based giant bank Standard Chartered increased its Bitcoin price forecast for the end of 2024 to $150,000.\nAt this point, the bank, which expects a long-term rise in BTC, said in a new report that US presidential candidate Donald Trump's victory in the elections could be positive for BTC and cryptocurrencies.\nAccording to Coindesk, Standard Chartered stated that the risk of US financial dominance increases as the FED monetizes government debt, and that the scenario in which US financial risk increases as investors seek alternative assets will be supportive for Bitcoin and cryptocurrencies.\nIn addition, stating that Trump's possible victory will also support the rise, bank analyst Geoff Kendrick wrote in the report:\n\n“In a scenario where the risk of US fiscal dominance increases, we think Bitcoin will provide a good hedge against de-dollarisation and reduced confidence in the US Treasury market.\n“And in addition to the passive support of BTC from dedollarization, we expect a second Trump administration to actively support BTC through looser regulations and spot ETFs.”\n\nFinally, the analyst reiterated that Standard Chartered's end-2024 target for Bitcoin is $150,000 and its 2025 target is $200,000.\n*This is not investment advice.\n Continue Reading: Will There Be a Trump Rally in Bitcoin? 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