{"id":138602,"date":"2024-10-04T21:00:26","date_gmt":"2024-10-04T18:00:26","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138602"},"modified":"2024-10-04T16:22:48","modified_gmt":"2024-10-04T13:22:48","slug":"is-bitcoin-a-good-opportunity-right-now","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/is-bitcoin-a-good-opportunity-right-now\/","title":{"rendered":"Is Bitcoin a Good Opportunity Right Now?"},"content":{"rendered":"<p>Geoffrey Kendrick, the bank\u2019s global head of digital assets research, explained that geopolitical tensions are driving prices down, but improving odds of Donald Trump\u2019s election in 2024 may support future <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong> growth.<\/p>\n<p>Kendrick highlighted that Bitcoin has not acted as a geopolitical hedge like gold but has proven to be a defense against systemic financial risks, such as bank collapses or concerns over U.S. Treasury sustainability. He pointed out that Bitcoin\u2019s behavior amid market volatility remains aligned with equity markets rather than traditional safe-haven assets.<\/p>\n<p>A noteworthy aspect of Kendrick\u2019s analysis is the influence of the upcoming U.S. elections on Bitcoin\u2019s performance. Data from Polymarket shows Trump\u2019s election odds improving, which, given his pro-crypto stance, is viewed as favorable for Bitcoin\u2019s post-election prospects. While geopolitical concerns are pushing Bitcoin\u2019s price down in the short term, Trump\u2019s potential victory could offer longer-term support for the cryptocurrency.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-and-ethereum-could-see-major-declines-analyst-warns\/\" title=\"Bitcoin and Ethereum Could See Major Declines, Analyst Warns\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/06\/bitcoin-ethereum-1.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin and Ethereum Could See Major Declines, Analyst Warns<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Kendrick also pointed to increased options activity on Deribit, with a notable rise in open interest for Bitcoin strike prices of $80,000 expiring by December 27. This surge indicates that traders are positioning themselves for a potential price rebound, despite near-term risks. Overall, Standard Chartered sees the current price dip as a strategic buying opportunity, anticipating ongoing volatility driven by geopolitical issues and the U.S. elections.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Standard Chartered views Bitcoin&#8217;s recent dip below $60,000 as a typical market fluctuation, suggesting it could be a buying opportunity, according to an investor note shared with CryptoSlate on Oct. 3.<\/p>\n","protected":false},"author":9,"featured_media":96298,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-138602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is Bitcoin a 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