Standard Chartered's head of cryptocurrency research Jeffrey Kendrick said he knows what the Bitcoin rate will be on November 5, the day of the US presidential election. In his opinion, the first cryptocurrency could reach $73000 on that day.
He noted that if the Republican candidate Donald Trump wins the elections, then the currency quotes will increase by 4% at the moment, and in the next few days after November 5, the value of Bitcoin may grow by more than 10%.
If the Republicans win in the Senate and Congress, the price of the first cryptocurrency may come close to $125000. If the Democratic candidate Kamala Harris wins, the digital gold rate may fall sharply, but then recover to $75000, the analyst is sure.
In addition, Jeffrey Kendrick is confident that the local decline in the price of Bitcoin that occurred a few days ago will be the last before the start of the presidential elections in the United States.
Bitcoin has risen in recent weeks, in line with other trades popular among Trump supporters. According to RealClearPolitics, Donald Trump currently has a 59% chance of winning, while other markets are pointing to a 75% chance, the expert noted.
