Standard Chartered says crypto winter has ended and the price of bitcoin could reach $100K per coin by the end of next year. The global bank’s analyst has identified several factors contributing to the surge in the price of the cryptocurrency, including the recent turmoil in the banking sector.
Standard Chartered Bank on Bitcoin Hitting $100K
Global bank Standard Chartered said Monday that “crypto winter” is over and the price of bitcoin could reach $100,000 by the end of 2024.
Standard Chartered’s head of digital assets research, Geoff Kendrick, explained in a note that bitcoin stands to benefit from various factors. They include the recent turmoil in the banking sector, a stabilization of risky assets as the U.S. Federal Reserve ends its cycle of interest rate hikes, and the enhanced profitability of cryptocurrency mining. The analyst wrote:
While sources of uncertainty remain, we think the pathway to the USD 100,000 level is becoming clearer.
A growing number of individuals
We współpracy z: https://news.bitcoin.com/standard-chartered-bank-crypto-winter-is-over-bitcoin-could-reach-100k-next-year/
