Standard Chartered analyst: Investors should buy Bitcoin dips when geopolitical factors affect prices

BlockBeats news, on October 3, Geoff Kendrick, global head of digital asset research at Standard Chartered Bank, said that although risks in the Middle East may cause Bitcoin prices to fall, investors should see it as a buying opportunity as Donald Trump's chances of winning the US presidential election continue to rise.

Geoff Kendrick said: "Fears about risks in the Middle East seem destined to push Bitcoin below $60,000 before the weekend, but you should buy at a low price here. This creates an interesting cycle for Bitcoin. Geopolitical concerns may depress prices, but these concerns seem to increase the chances of Trump winning, which may improve Bitcoin's post-election prospects."