Standard Chartered Predicts $150K BTC as Bitcoin Bulls Hope for Trump’s Success

A report from Standard Chartered suggests that if Donald Trump wins the US election, Bitcoin could see a boost in performance. This is due to the expectation of clearer regulations and the belief that Bitcoin could serve as a hedge against inflation.
Bitcoin’s popularity among traditional investors is growing as economic conditions become unfavorable and uncertainty looms in the Treasury market.
According to a recent research report by Standard Chartered, the cryptocurrency market is anticipating a potential surge as concerns about US fiscal dominance become more prominent. The investment bank suggests that if the Federal Reserve continues to monetize government debt, investors may turn to alternative assets like cryptocurrencies to protect themselves from uncertainties in traditional markets.
The report predicts that if Donald Trump is re-elected, it could lead to increased enthusiasm in the Bitcoin market. Analysts believe that this could result in significant price spikes and a higher adoption of cryptocurrencies. This optimism stems from the expectation of a more stringent regulatory framework, which would provide investors with a better understanding and confidence in Bitcoin.
Trump’s stance on Bitcoin has raised concerns among cryptocurrency enthusiasts. Throughout his administration, Trump consistently expressed skepticism towards Bitcoin and other cryptocurrencies, focusing on issues such as credibility, volatility, and the potential for illegal use. In a tweet from July 2019, Trump explicitly stated his disapproval, emphasizing the dominance and stability of the US Dollar and indicating a preference for traditional financial instruments over decentralized digital currencies.
Despite this, traditional investors have shown increasing interest in Bitcoin as a hedge against inflation in unfavorable macroeconomic conditions. The growing US debt and questions surrounding the US Treasury have further fueled this trend. A second Trump presidency could also benefit the industry by providing regulatory clarity in the crypto sector after years of uncertainty and observation.
According to Standard Chartered’s research, another four years under Former President Trump would be a positive factor for the growth of the crypto market. The report also suggests that a second Trump administration could create a better business environment, leading to increased adoption and investment in digital assets.
Analyst Geoff Kendrick points out three potential effects of US fiscal dominance on the Treasury curve: a steeper yield curve, rising breakeven rates, and increasing term premiums. Interestingly, Kendrick notes that the price of Bitcoin positively correlates with these developments, indicating that Bitcoin could serve as a hedge against de-dollarization and declining confidence in the US Treasury market.
In the past year, there have been bullish projections for Bitcoin’s growth, primarily driven by institutional clients. Optimism was fueled by the anticipation of the approval of a spot Bitcoin ETF and the price rally that reached $44,000 in December.
Standard Chartered maintains a bullish outlook on Bitcoin, setting a year-end target of $150,000 and projecting a further rise to $200,000 by the end of 2025.
The bank expects both passive and active drivers for cryptocurrency growth, citing trends of de-dollarization and potential regulatory support under a second Trump administration. Trump’s public statements about Bitcoin briefly influenced market prices in 2019, demonstrating the potential impact of political figures on cryptocurrency markets. As of the time of writing, Bitcoin is trading at $62,218 with a 24-hour decline of 2%.
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