Standard Chartered Bank analyst: It seems "inevitable" that SOL will reach a new high before the end of the year

An analyst who predicted that the price of Bitcoin would reach $80,000 before the US presidential election, Geoff Kendrick of Standard Chartered Bank, predicts that Bitcoin will continue to rise until the end of this year and "easily reach" $100,000 before some Bitcoin options expire on December 27. "I predict that the price of Bitcoin will reach $125,000 by the end of the year. This is the next level. However, I noticed that many Trump-related trades peaked around January 20 after the 2016 election... So if Bitcoin can't reach $125,000 by December 31st , I think it will be reached by January 20," said Kendrick, head of foreign exchange and digital asset research at the bank in an email last Sunday.

Kendrick further predicts that given recent gains in Ethereum and Solana, a rise in bitcoin prices could "benefit all investors", with some tokens possibly outperforming bitcoin. Kendrick wrote: “It seems inevitable for SOL to hit a record high (the historical high point set in November 2021 was $260) before this year ends. ETH hitting a new high (set at $4,866 in November 2021) may have to wait until about inauguration day to achieve it. Overall we believe these assets will continue to rise but among them SOL's performance might be best."