The bank's analyst expects a Trump victory to boost the price of bitcoin, while maintaining year-end and 2025 targets of $150,000 and $200,000, respectively.

Bitcoin Surge Predicted Amid US Presidential Race

Standard Chartered has made a prediction regarding the price of bitcoin as the U.S. presidential race approaches the November election. The bank's head of forex and digital assets research, Geoffrey Kendrick, shared on Tuesday:

A fresh all-time for bitcoin in August is likely, then $100,000 by U.S. election day.