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Standard Chartered presents ambitious forecasts for the market post Bitcoin ETF approval
Standard Chartered Bank anticipates a substantial influx of $50 to $100 billion into Bitcoin after approving spot ETFs, with industry experts speculating a decision by this week.
The international banking giant recently made a noteworthy prediction regarding Bitcoin, foreseeing a substantial influx of $50 to $100 billion in spot ETF inflows upon approval of the investment product, expected in 2024.
The bank's forecast is based on the anticipation surrounding more than a dozen spot Bitcoin ETF applications currently under consideration by the U.S. Securities and Exchange Commission (SEC).
According to Standard Chartered, Bitcoin could not only witness substantial inflows but also achieve a remarkable price milestone of $200,000 by the end of 2025, surpassing its previous all-time high.
#bitcoinforecarst #bitcoinpricepredictiom #StandardChartered
Standard Chartered Bank anticipates a substantial influx of $50 to $100 billion into Bitcoin after approving spot ETFs, with industry experts speculating a decision by this week.
The international banking giant recently made a noteworthy prediction regarding Bitcoin, foreseeing a substantial influx of $50 to $100 billion in spot ETF inflows upon approval of the investment product, expected in 2024.
The bank's forecast is based on the anticipation surrounding more than a dozen spot Bitcoin ETF applications currently under consideration by the U.S. Securities and Exchange Commission (SEC).
According to Standard Chartered, Bitcoin could not only witness substantial inflows but also achieve a remarkable price milestone of $200,000 by the end of 2025, surpassing its previous all-time high.
#bitcoinforecarst #bitcoinpricepredictiom #StandardChartered
VIP Market update : $BTC
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The market has retraced once more, most likely due to insufficient volume to sustain a strong positive rise.
At present, it is moving toward the second Potential Reversal Zone (PRZ), which is the area where a CME gap is anticipated to occur.
At this point, it is critical to closely monitor price movement in order to determine the direction of the market. Observing the market's behavior in this area will give you important information for well-informed decision-making.
#bitcoinforecarst #update #bitcoin
-Heisenberg IV ©️
💲💲💲💲💲💲💲💲💲
The market has retraced once more, most likely due to insufficient volume to sustain a strong positive rise.
At present, it is moving toward the second Potential Reversal Zone (PRZ), which is the area where a CME gap is anticipated to occur.
At this point, it is critical to closely monitor price movement in order to determine the direction of the market. Observing the market's behavior in this area will give you important information for well-informed decision-making.
#bitcoinforecarst #update #bitcoin
-Heisenberg IV ©️
