Standard Chartered Bank digital asset head: Harris' support for encryption speech may lead to some Options traders betting that BTC will hit $100,000 by the end of the year

BlockBeats news, on September 25th, Geoff Kendrick, the global head of digital asset research at Standard Chartered Bank, stated that since the Federal Reserve lowered the federal fund Intrerest Rate last week, the long-term borrowing cost for US treasuries is relatively higher than the short-term borrowing cost, which usually indicates optimistic expectations for the future economic rise, and helps to create a favorable environment for investments including BTC. Geoff Kendrick also pointed out that the situation in the derivatives market also supports his optimistic view of BTC. This week, he observed that some major call options around the $100,000 strike price were added to the options market for BTC. This indicates that other factors are affecting the decisions of derivatives traders. From a timing perspective, the most likely new factor is the comments made by Vice President Harris on Sunday, September 22, when she first announced that she would encourage Cryptoasset business.