TechFlow News — Geoff Kendrick, Standard Chartered's global head of digital asset research, recently highlighted several factors that could support a rise in Bitcoin's price over the coming months. Kendrick noted that after the Federal Reserve cut rates last week, long-term U.S. Treasury borrowing costs have remained relatively higher than short-term rates—a yield curve pattern typically reflecting optimism about future economic growth and creating a favorable investment environment for assets including Bitcoin.
He also pointed to positive signals from derivatives markets, such as the significant increase in call options for Bitcoin futures expiring on December 27, particularly around the psychologically important $100,000 level.
Kendrick observed that the open interest in Bitcoin options has grown faster than Bitcoin’s recent 6% price increase, suggesting that other factors are influencing traders’ decisions. Additionally, U.S. Vice President Kamala Harris expressed support for emerging technologies—including artificial intelligence and digital assets—during a fundraising event in New York on September 23 (Beijing time), which Kendrick views as a key new factor potentially impacting market sentiment.
He believes that regardless of the outcome of the U.S. election on November 5, the outlook for Bitcoin could remain favorable.
