If Trump wins, Bitcoin could hit $125,000 – Republicans are bullish on the outlook

If the Republicans win the US elections, Bitcoin could reach $125,000 by the end of the year, according to an analysis.
Standard Chartered Bank
"We're pleased to announce that we're seeing a rise in the number of new tech companies in the U.S.," said Jeff Kendrick, an analyst at the Bank.
Kendrick will be appearing in the upcoming US elections after Donald Trump
If Trump wins reelection and Republicans take control of the U.S. Congress, Bitcoin prices could rise by
He predicted that it could reach $125,000. As speculation intensifies about the US presidential election and Bitcoin prices, Kendrick has taken a bullish stance on the Republican Party.
Based on options information, he expects Bitcoin to rise by about 4% after the results are released and then another 10% within the next few days.
"Our baseline forecast is that Bitcoin will reach roughly 70,300 on Election Day," Kendrick said.
The move is to bring the jackpot to $0, matching the betting market odds on a Trump victory. That's just below the all-time high of about $73,800 hit in March.
If current Vice President Kamala Hari Su were to win the presidency, Kendrick said Bitcoin could see a temporary dip, but would likely reach around 70,500 by the end of the year.
Kendrick said, "RealClearPolitics, a US political media outlet, has a 59% chance of Trump winning, and PolitiMarket (PolitiMarket)
ymarket rates Trump's chances of winning at 75%."