Standard Chartered Bank: Bitcoin is expected to reach $125,000 by the end of the year, and SOL will hit a new high

PANews reported on November 11 that according to The Block, Geoff Kendrick, head of foreign exchange and digital asset research at Standard Chartered Bank, predicted that Bitcoin will continue to rise until the end of this year and "easily reach" $100,000 before certain Bitcoin options expire on December 27. It is reported that the analyst successfully predicted that Bitcoin would reach $80,000 before the US presidential election.

“I’m predicting $125k by year end as the next level, although I noticed that after the 2016 election, a lot of Trump-related activity peaked around the inauguration on January 20th… So if Bitcoin doesn’t get to $125k by December 31st, I think it will be there by January 20th,” Kendrick said in an email on Sunday.

Kendrick further predicted that a rise in Bitcoin prices could “benefit all investors” given Ethereum and Solana’s recent gains, and that some tokens could outperform Bitcoin. Kendrick wrote: “It seems inevitable that SOL will hit a new all-time high before the end of the year (historical high of $260 in November 2021). ETH hitting a new all-time high (historical high of $4,866 in November 2021) may not be achieved until about the inauguration. Overall, we think all of these assets will continue to rise, but SOL may perform the best among them.”