Bitcoin Price Prediction: BTC Will Reach $125,000 After Trump’s Election, Standard Chartered Says. FX Guys attracts attention with novel offerings.
Gregory Pudowski
Posted: November 8, 2024 6:30 AM Updated: November 8, 2024 7:18 AM
Bitcoin (BTC), the world’s leading cryptocurrency, recently hit an all-time high. This surge occurred as the victory of the Republican presidential candidate in the U.S. presidential election seemed inevitable. Bitcoin’s rise above $75,000 is just the beginning, according to analysts at British bank Standard Chartered.
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Geoff Kendrick predicts that Bitcoin will reach $125,000 by the end of this year and soar to $200,000 by the end of 2025. This forecast is consistent with similar estimates released earlier this month by analysts at research and brokerage firm Bernstein. Kendrick said the rally followed Trump’s promise to fire SEC Chairman Gary Gensler and transform the United States into a “Bitcoin superpower.”
Bitcoin (BTC): Analysts expect a surge in the coming weeks.
Standard Chartered noted that investor interest in Bitcoin options trading has reached the $75,000 level. This interest indicates that the cryptocurrency is likely to reach that level in the coming weeks. On the regulatory side, Kendrick expects Trump to overturn Biden’s veto of SAB 121.
Kendrick also believes Trump’s financial policies could spur inflation. If this happens, it will be beneficial for assets like Bitcoin. Additionally, spot Bitcoin exchange-traded funds are expected to play a key role in pushing the price of Bitcoin above $200,000 within the next year, according to Standard Chartered analysts.
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FX Guys ($FXG): Forex trading platform providing access to funds
FX Guys ($FXG) is taking the cryptocurrency world by storm with a new offering for traders and investors looking for the best cryptocurrencies to buy right now. As a proprietary trading firm, FX Guys provides access to real trading capital across a variety of asset classes. One of FX Guys’ standout services in forex trading is its Trader Funding program.
In this feature, top traders who pass FX Guys’ trading assessments and challenges can access a funded account of up to $500,000 and keep 80% of their profits. This approach allows traders to earn significant profits without having to invest large sums of money upfront. Additionally, FX Guys’ trading platform has no buy or sell taxes, making it an attractive option for those looking for the best cryptocurrency coins to buy right now.
FX Guys ($FXG): Rewards traders regardless of trade outcome
The Trade2Earn program is another innovative way to reward traders for their activity regardless of the outcome of the trade. With each transaction, participants earn tokens, creating a dynamic environment where continued participation is rewarded. This incentivizes performance and promotes growth, which is rare in the forex and cryptocurrency space.
The FX Guys staking mechanism adds another layer of appeal to this as the best cryptocurrency you can buy right now. This feature gives $FXG holders the flexibility to decide how to participate in the growth of their tokens. Stakers can earn up to 20% of their annual profits from trading volume, distributed according to their share of the staking pool.
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conclusion
FX Guys’ commitment to empowering traders and providing access to significant trading capital during the Bitcoin price drop is what makes it outstanding. FX Guys is more than just a platform. This is a game-changer for forex trading and cryptocurrency. As it continues to gain traction, FX Guys has established itself as one of the best cryptocurrencies you can buy right now to make huge profits.
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About the author
Gregory, a digital nomad from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With extensive experience in the financial industry, his insights and expertise have been recognized in numerous publications. Making good use of his free time, Gregory is currently focusing on writing books on cryptocurrency and blockchain.
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Gregory, a digital nomad from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With extensive experience in the financial industry, his insights and expertise have been recognized in numerous publications. Making good use of his free time, Gregory is currently focusing on writing books on cryptocurrency and blockchain.