Standard Chartered Bank: Crypto Winter Is Over — Bitcoin Could Reach $100K Next Year

Standard Chartered says crypto wintertime has ended and the terms of bitcoin could scope $100K per coin by the extremity of adjacent year. The planetary bank’s expert has identified respective factors contributing to the surge successful the terms of the cryptocurrency, including the caller turmoil successful the banking sector.

Standard Chartered Bank connected Bitcoin Hitting $100K

Global slope Standard Chartered said Monday that “crypto winter” is implicit and the terms of bitcoin could scope $100,000 by the extremity of 2024.

Standard Chartered’s caput of integer assets research, Geoff Kendrick, explained successful a enactment that bitcoin stands to payment from assorted factors. They see the caller turmoil successful the banking sector, a stabilization of risky assets arsenic the U.S. Federal Reserve ends its rhythm of involvement complaint hikes, and the enhanced profitability of cryptocurrency mining. The expert wrote:

While sources of uncertainty remain, we deliberation the pathway to the USD 100,000 level is becoming clearer.

A increasing fig of individuals and analysts person precocious expressed optimism regarding the outlook for bitcoin and the wide cryptocurrency market. At the clip of writing, BTC is trading astatine $27,464, down from supra $30K a week prior. However, the cryptocurrency is up 65% year-to-date.

In March, the CEO of concern absorption steadfast Vaneck said that “We are astatine the precise beginnings of what could beryllium a several-year cycle” successful golden and bitcoin portion Bloomberg Intelligence’s commodity strategist stated that a supercycle whitethorn beryllium happening successful BTC. In February, Pantera Capital said that we’re already successful the next bull marketplace cycle for bitcoin. Rich Dad Poor Dad writer Robert Kiyosaki expects BTC to keep rising, predicting that the terms of the largest crypto volition scope $500K by 2025.

What bash you deliberation astir Standard Chartered’s bitcoin prediction? Do you deliberation the terms of bitcoin volition scope $100K by the extremity of adjacent year? Let america cognize successful the comments conception below.

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