TechFlow news, October 15 — According to The Block, Geoff Kendrick, Head of Global Digital Assets Research at Standard Chartered, published a report stating that Bitcoin is showing upward momentum and could approach its all-time high of $73,800 ahead of the U.S. presidential election.
Kendrick noted that multiple factors are driving this potential price increase, including a steepening U.S. Treasury yield curve, renewed market interest in spot Bitcoin ETFs, and rising odds of Donald Trump winning the upcoming U.S. presidential election.
Data from prediction platform Polymarket shows Trump's chances of victory have risen to 56.3%. If Trump wins, there is a 70% probability that Republicans will simultaneously control both the Senate and the House of Representatives, which could create favorable conditions for risk assets including Bitcoin.
