Bitcoin (BTC) Breaks All Records Shortly After Donald Trump Won the US Elections

The coin reached an all-time high of over US$75K (AU$113.8K) the day after but rapidly broke past US$81K (AU$129K), catching the attention of investors

Standard Chartered (SC) forex and digital assets research head Geoff Kendrick predicted Bitcoin's (BTC) price would hit $80K before the US elections last week. Now, he says BTC could hit $100K before options expire on December 27.

In an email on Sunday, Kendrick said his next target for BTC is $125K by the end of the year, or by January 20. He also said that BTC's rising price could help other cryptocurrencies, like ETH and SOL, with Solana being the best performer.

Kendrick also said that the global cryptocurrency market cap could surge by 300% over the next two years if the Republican Party gains control of both chambers of the US Congress.

Several crypto sectors, like GameFi, tokenisation, and decentralised physical infrastructure (DePin), will benefit from the upcoming Trump administration policies and a friendlier regulatory stance toward crypto assets, Kendrick said.

If Kendrick's projections materialise, the cryptocurrency market cap would rise from its current $2.7T to about $10T by the end of 2026. This growth could usher in a new era of innovation and broader adoption across various segments of the crypto industry.

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