According to Golden Finance, Standard Chartered analyst Geoff Kendrick predicts that Bitcoin and digital assets will continue to rise after the recent Fed rate cut, driven more by favorable macroeconomic conditions than the US presidential election outcome.

Kendrick pointed out in an email on Thursday: "Digital assets have been leading the way in performance for the first time since the FOMC meeting. This has continued even though Polymarket shows Kamala Harris with a 52/47 lead today." He attributed this positive performance to macroeconomic drivers starting to outweigh election-related uncertainty.

Kendrick insists that the US presidential election's influence on Bitcoin prices is no longer as significant as it once was. He said, "While the US elections are important, macro drivers are starting to take over," Kendrick stated, noting that he is monitoring the spread between short-term and long-term US Treasury yields as an indicator of market conditions favorable to digital assets. "I've been watching the US 2s10s curve, and a steeper US yield curve is favorable for digital assets."