BlockBeats News, on October 3rd, Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank, stated that although the risks in the Middle East may cause a decline in the price of BTC, investors should consider it as a buying opportunity due to the rising chances of Donald Trump winning the US presidential election. Geoff Kendrick said, 'Concerns about risks in the Middle East seem to be destined to push BTC below $60,000 before the weekend, but this should be seen as a buying opportunity. This creates an interesting cycle for BTC, as geopolitical concerns may push the price down, but these concerns seem to increase the chances of Trump winning, which could improve BTC's post-election prospects.'