$800 billion Standard Chartered bank predicts Bitcoin to hit $50,000 by end of 2023
Bitcoin Ang $800 bilyon na Standard Chartered bank ay hinuhulaan na ang Bitcoin ay aabot sa $50,000 sa pagtatapos ng 2023 Balita ng Ethereum ng Bitcoin Leading financial institution Standard Chartered has suggested that the flagship cryptocurrency, Bitcoin (BTC), could experience a remarkable surge, reaching $50,000 within this year and soaring to an impressive $120,000 by the conclusion of 2024. Standard Chartered initially released a forecast of $100,000 for Bitcoins value by the end of 2024 back in April, stating that the so-called “crypto winter” had come to an end. However, Geoff Kendrick, one of the bank‘s esteemed FX analysts, now suggests that there is a 20% upward potential to that initial prediction, signifying even greater prospects for Bitcoin’s future as per a report by sa Hulyo 10. This projection has the potential to stimulate Bitcoin miners, encouraging them to amass an increased portion of the cryptocurrencys supply. “Increased miner profitability per BTC mined means they can sell less while maintaining cash inflows, reducing net BTC supply and pushing BTC prices higher,” Kendrick said in a report. Institusyonal na interes Notably, Bitcoin has seen a wave of institutional interest besides the bank with over $800 billion in assets as a direct consequence of investment giant BlackRocks application to U.S.