Standard Chartered Bank split Geoff Kendrick believes that bitcoin will hit a record high before the end of the year, mainly based on positive regulatory changes and the latest developments in the U.S. financial markets. He mentioned that the possible repeal of the SAB 121 regulation would ease accounting rules in favor of banks holding digital assets, pushing bitcoin higher. In addition, changes in the interest rate curve in the US Treasury market have also had a long-term positive impact on Bitcoin. He also predicted a seasonal pickup in cash bitcoin ETF inflows in October.