On Sunday morning, Bitcoin surged to a new record high of over $81,000 when adjusted for inflation.
This spike in price is part of a larger rally in digital assets following the re-election of Donald Trump for a second Presidential term on Tuesday.
According to Geoff Kendrick of Standard Chartered, the cryptocurrency’s price will likely continue to rise and could easily reach $100,000 before the expiration date of certain Bitcoin options on December 27.
Kendrick also forecasts that Bitcoin could potentially reach $125,000 by the end of the year or even by the January 20 inauguration, as seen with previous “Trump trades” in 2016.
He also believes that the current rise in Bitcoin could have positive impacts on other cryptocurrencies, such as Ethereum and Solana, potentially causing them to outperform Bitcoin.
