Standard Chartered Bank analyst Geoff Kendrick believes that Bitcoin will hit a record high before the end of the year, mainly based on positive regulatory changes and the latest developments in the US fiscal market. He mentioned that the possible revocation of the SAB 121 regulation will facilitate the relaxation of accounting rules for banks holding digital assets, driving Bitcoin up. In addition, changes in the interest rate curve in the US Treasury market also have a long-term positive impact on Bitcoin. He also predicts that there will be a seasonal rebound in inflows into spot Bitcoin ETFs in October. (TheBlock)