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International Business Times
International Business Times
Business
Marvie Basilan

Standard Chartered Analyst Believes Trump Government Will Be 'Actively Supportive' Of Bitcoin

Donald Trump Standard Bitcoin Standard Chartered Geoffrey Kendrick Joe Biden Crypto SEC United States Bernstein
Donald Trump (Credit: AFP)

KEY POINTS

  • Kendrick said he believes a Trump government will 'actively' support BTC through looser regulations
  • Trump told NFT owners Wednesday that he will stop the hostility toward digital assets
  • Standard previously increased their year-end 2024 Bitcoin price prediction to $150,000

Bitcoin, the world's largest cryptocurrency by market cap that has struggled to climb near its all-time high of $73,000 in March, may find a second Donald Trump presidency beneficial, a digital assets expert recently said.

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