<ul><li>Standard Chartered predicts that Bitcoin could reach $73,800, a 12% gain from current levels, before the US presidential election in November.</li><li>Standard Chartered takes its cues from MicroStrategy, a bitcoin-linked stock that has broken out and believes two fundamental factors are driving bitcoin higher.</li><li>The first factor is BNY Mellon being exempt from SAB 121, a legislation that forces dealers to list crypto on their balance sheets.</li><li>The second factor is MicroStrategy's plan to become a 'bitcoin bank,' offering bitcoin capital market instruments and potentially earning yield by lending out bitcoin.</li></ul>

Why bitcoin has 12% upside in the weeks before the election, Standard Chartered says

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