According to Standard Chartered’s report, if former President Donald Trump is declared the winner, Bitcoin will reclaim the $73,000 price level on Election Day, Nov. 5 and rise 10% in the days following the election.

Beyond this, Standard Chartered’s projections indicate Bitcoin may hit $125,000 by the end of the year if Republicans also take control of Congress. This is because a Republican-controlled Congress is expected to implement pro-crypto regulatory reforms, providing a strong tailwind for Bitcoin’s price.