Geoff Kendrick, head of FX and digital asset research at Standard Chartered, said in a new analysis that regardless of the outcome of the US Presidential Election, bitcoin prices are on track to hit new all-time highs by the end of 2024. Kendrick predicted that if Trump wins, bitcoin could reach $125,000; if Harris is elected, the price could reach $75,000. Kendrick stressed that the US election will have less impact on the future of bitcoin than market expectations. He pointed to positive changes in regulatory environments as one of the key factors driving bitcoin price growth. Regardless of who takes the White House, the process of deregulating digital assets (especially the withdrawal of SAB 121) is expected to continue in 2025. In addition, Kendrick also mentioned that the development of the US Treasury market provides a positive long-term trend for bitcoin. He expects a seasonal rebound in inflows into spot bitcoin ETFs in October.