Head of Cryptocurrency Research at Standard Chartered (LON:STAN) Jeffrey Kendrick said he knows what the Bitcoin rate will be on November 5, the day of the US presidential election. In his opinion, the value of the first cryptocurrency may reach $73,000 on this day.

He noted that if the Republican candidate Donald Trump wins the election, then the currency quotes will increase by 4% at the moment, and in the next few days after November 5, the value of Bitcoin may grow by more than 10%.

If the Republicans win in the Senate and Congress, the price of the first cryptocurrency may come close to $125,000. If the Democratic candidate Kamala Harris wins, the digital gold rate may fall sharply, but then recover to $75,000, the analyst is sure.