In its latest analysis report, Standard Chartered's foreign exchange and digital asset research head, Geoff Kendrick, stated that bitcoin prices are likely to hit new historic highs by the end of 2024, irrespective of the results of the upcoming US presidential election. Kendrick further indicated that if Trump were to secure a second term, the price of bitcoin could potentially reach $125,000, whereas if Harris were to be elected, the price might go up to $75,000. However, he stressed that the impact of the US election on the future trajectory of bitcoin is relatively minor. Kendrick argued that a positive shift in regulatory environment is one of the key factors driving the price increase of bitcoin. He expects that, regardless of who becomes the next president, the relaxation of digital asset regulations, particularly the withdrawal of SAB 121, will continue until 2025. Additionally, Kendrick noted that the ongoing development of the US Treasury market provides a positive outlook for the long-term trend of bitcoin. He predicted that there would be a seasonal rebound in the inflow of physical bitcoin ETFs in October.