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【Standard Chartered Bank Digital Asset Director: Harris's support for encryption may lead some options traders to bet that Bitcoin will reach $100,000 by the end of the year】 September 25, Geoff Kendrick, global head of digital asset research at Standard Chartered Bank, said that since the Federal Reserve cut the federal funds rate last week, the cost of long-term borrowing has been relatively higher than short-term borrowing for U.S. Treasuries, which generally indicates optimism about future economic growth and helps create a favorable environment for investments, including Bitcoin. Geoff Kendrick also pointed out that the situation in the derivatives market also supports his optimistic view on Bitcoin. This week, it was observed that a number of new Bitcoin call options were added to the options market, mainly built around a strike price of $100,000. This suggests that there are other factors that are influencing the decisions of derivatives traders. From a timing perspective, the most likely new factor is Vice President Harris' comments on Sunday, September 22, when she first announced that she would encourage cryptocurrency businesses.
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