Bitcoin is showing growth dynamics that could lead to a new all-time high even before the US presidential election. This forecast was given by Jeff Kendrick, an analyst at the British bank Standard Chartered, based on the decline in US government bond yields, renewed interest in bitcoin exchange-traded funds (ETFs), and the growing chances of former President Donald Trump to win the upcoming election.

On March 13, the bitcoin rate reached a record high of $73.8 thousand. This year, analysts at Standard Chartered have repeatedly published forecasts for the movement of the bitcoin rate. In April, they allowed the BTC price to rise to $150 thousand by the end of this year and to $200 thousand by the end of 2025. For Ethereum, their forecast is $8 thousand and $14 thousand, respectively.