Standard Chartered Bank believes that Bitcoin could reach the $100,000 mark when the "crypto winter" ends.
According to Reuters, Geoff Kendrick, director of digital asset research at Standard Chartered bank, predicted that Bitcoin's value could increase sharply due to recent fluctuations in the banking sector, as well as the ability to profit from Improved cryptocurrency mining.
"There are still many uncertainties, but we think the path to $100,000 is becoming clearer," he said.
A Standard Chartered representative said that Bitcoin is benefiting from being considered "a recognized safe haven, a method of accumulating assets of relative value and a means of transferring money".
Meanwhile, JPMorgan bank on April 5 assessed that the roadmap for technical changes to the Bitcoin blockchain in April 2024 will increase the difficulty of mining this digital currency and cause its value to increase sharply. creates positive psychological effects.
After a harsh year-long "winter", digital currency miners are receiving signs of prosperity as Bitcoin surpassed the $30,000 mark in recent days. The increase in Bitcoin price has led to the return of vibrant cryptocurrency mining activities. Some analysts say a new growth cycle is beginning. According to data from Blockchain.com, the average revenue from Bitcoin mining over the past month increased to $27.34 million a day, the highest level since June 2022. Since the second half of last year, miners' revenue has only been at 15-21 million USD per day.