• Powered by Roundtable
    ScottMelker@RTB
    ScottMelker@RTB
    Oct 15, 2024, 15:17

    Geoff Kendrick at Standard Chartered predicts Bitcoin could rise to $73,800 before the upcoming U.S. elections due to a steepening Treasury yield curve, increased spot Bitcoin ETF interest, and a 56.3% chance of a Donald Trump victory. He notes significant inflows into ETFs and heightened activity in derivatives markets, particularly with call options at $80,000. Kendrick also highlights MicroStrategy's stock outperforming Bitcoin, indicating confidence in its evolving role, particularly with potential Bitcoin lending activities. Overall, political developments and institutional adoption are poised to support Bitcoin's upward momentum. Source: The Block

    Image