Bitcoin will reach $150,000 by the end of the year! Standard Chartered Bank reiterated that the reason is actually this.....
Standard Chartered Bank recently expressed its firm optimism about the rise of Bitcoin in a research report, believing that the situation in the Middle East is only a short-term impact on Bitcoin's retracement, and insisted on a target price of $150,000 by the end of the year, which means that it will double from the new high of $73,000 in March.
Let me briefly summarize the reasons given by Standard Chartered:
1) If Trump wins the election, he will pass more favorable regulatory policies during his second term, which will have a positive impact on cryptocurrencies;
2) The decline in confidence in the U.S. Treasury market will also affect Bitcoin's gains, and Bitcoin can provide a good hedge;
3) In addition, the report also added that Trump's second government will support Bitcoin by relaxing regulations and approving U.S. spot ETFs.
Do you agree with Standard Chartered's point of view? I think $150,000 is possible, but judging from the past halving cycle, it may not be at the end of this year, but around the second half of next year. As for the increase, I think $100,000 to $120,000 is more likely to be achieved.
Like, collect and follow, Mengge will take you to the highway!
