According to the Standard Chartered bank analyst team, headed by Jeff Kendrick, the first cryptocurrency may reach $100,000 by the end of next year. Expert Geoff Kendrick (Geoff Kendrick) and his team of analysts believe that the next catalyst will be the approval of a Bitcoin ETF in the US, which "is likely to come sooner than expected."
“We think a number of spot #ETF will be approved in the first quarter of 2024. This will pave the way for institutional investment in Bitcoin and Ether,” they write.
In April, Standard Chartered analysts already predicted the growth of Bitcoin to $100,000. “Everything is working as expected. The dominance of #BTC remains unchanged," experts write.
"We now expect a rise in prices before the halving. It follows that a bitcoin price of $100,000 could be reached by the end of 2024.”
Managing partner and CEO of 10T Holdings Dan Tapiero also believes in $100,000 bitcoin. The businessman believes that bitcoin is becoming an increasingly attractive means of saving. According to a new report from analyst firm Bernstein, bitcoin will become a global macro-political asset in the future with a market capitalization of more than $3 trillion.
