Bitcoin ETF Hype Cooling, But BTC Will Still Hit $150,000: Standard Chartered - Decrypt
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Bitcoin ETF Hype Cooling, But BTC Will Still Hit $150,000: Standard Chartered
The leading UK-based bank says it is still bullish on Bitcoin, holding firm on its bold price prediction. A “perfect storm” of recent negative headwinds won’t hold Bitcoin back, and the price of the top digital asset will
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Summary
- Standard Chartered remains bullish on Bitcoin, predicting it will reach $150,000 per coin this year.
- Despite negative factors such as war in the Middle East and higher Treasury yields, the bank believes Bitcoin has room to climb.
- Bitcoin recently hit an all-time high of nearly $74,000 but has since dropped to $64,840.
- Geoff Kendrick, the lead author of the report, believes Bitcoin will continue to rise.
- The hype around Bitcoin ETFs may be cooling, but it won't hinder Bitcoin's price growth.
Top Highlights
- Bitcoin ETF Hype Cooling, But BTC Will Still Hit $150,000: Standard Chartered The leading UK-based bank says it is still bullish on Bitcoin, holding firm on its bold price prediction.
- A “perfect storm” of recent negative headwinds won’t hold Bitcoin back, and the price of the top digital asset will still reach $150,000 per coin this year, according to Standard Chartered.
- A report from the British multinational bank said Tuesday that despite war in the Middle East, higher Treasury yields, and a slowdown of cash entering recently approved Bitcoin exchange-traded funds (ETFs), the asset still has room to climb. Bitcoin hit a new all-time high of nearly $74,000 last month but has since plunged. The price of BTC now s...
- “We reiterate our end-2024 target levels of $150,000 for Bitcoin and $8,000 for Ethereum.”
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