Standard Chartered Analysts Predict Bitcoin Could Top $73,000 on US Election Day

Geoff Kendrick, an analyst at Standard Chartered, has predicted that Bitcoin could break through an all-time high of $73,000 on the day of the US presidential election. The prediction is based on an analysis of Bitcoin derivatives and trading volumes.Kendrick said that if Donald Trump wins the election, options prices could rise by about 4 per cent, and the total price may rise by 10 per cent in the following days. In addition, an open position in bitcoin call options expiring on 27 December shows a strike price of $80,000, suggesting that the price could quickly converge towards that level.