Standard Chartered head of digital assets: Some options traders bet that bitcoin will hit $100,000 by the end of the year or be led by Harris's pro-crypto remarks

Geoff Kendrick, global head of digital asset research at Standard Chartered, said that since the Federal Reserve cut the federal funds rate last week, long-term borrowing costs have been relatively higher for U.S. Treasuries than short-term borrowing, 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 of Bitcoin. This week, he observed the addition of some Bitcoin call options to the options market, which are mainly built around the strike price of $100,000. This suggests that there are other factors that are influencing the decisions of derivatives traders. From a time perspective, the most likely new factor is Vice President Harris' comments on Sunday, September 22, when she first announced that she would encourage cryptocurrency business.