Geoff Kendrick, global head of digital assets research at Standard Chartered — a cross-border bank — believes Bitcoin will likely reach $200,000 by the end of 2025 regardless of who wins the 2024 United States presidential election.

According to the bank executive, three factors are poised to drive the price of Bitcoin to new all-time highs in 2025, including the likely removal of Staff Accounting Bulletin-121 (SAB-121) — a rule effectively preventing banks from holding digital assets for clients — a marginal uptick in inflation, and positive inflows into Bitcoin exchange-traded funds (ETFs).