Bitcoin predicted to hit new all-time high before US presidential election

Standard Chartered (SC), a major British bank, has analyzed that Bitcoin may reach another all-time high before the upcoming US presidential election in November.
Jeffrey Kendrick, head of cryptocurrency research at Standard Chartered, said: "Bitcoin has shown some upward momentum recently.
"With the US presidential election approaching, the price of Bitcoin could rise to as much as $73,800 (approximately 11.01 million yen)," he predicted.
He continued, "Recently, capital has been flowing into Bitcoin spot ETFs, and the election of former US President Donald Trump
"We believe that various factors, including rising probabilities, will have a positive effect on Bitcoin."