As sentiment in the crypto market improves,
major institutions have begun to predict the
price Bitcoin will reach in the next bull
market. Among them, Standard Chartered
Bank reiterated its April prediction in its
latest report.
According to CoinDesk, Standard Chartered
analyst Geoff Kendrick and his team said that
the next catalyst will be the approval of
severalU.S. Bitcoin spotETFs, which they
expect"may come sooner than expected."
The report reads:
In short, everything works as expected.
Bitcoin's dominance remains intact - its
market share of the overall digital asset
market capitalization has increased from 45%
in April to 50%.
We now expect greater price gains than
before in the run-up to the halving, especially
with the earlier-than-expected launch of US
spot ETFs. This suggests that Bitcoin coul
reach $100,000 levels by the end of 2024.
In fact, as early as April this year when the
encryption market was still in the cold winter,
#BTC
major institutions have begun to predict the
price Bitcoin will reach in the next bull
market. Among them, Standard Chartered
Bank reiterated its April prediction in its
latest report.
According to CoinDesk, Standard Chartered
analyst Geoff Kendrick and his team said that
the next catalyst will be the approval of
severalU.S. Bitcoin spotETFs, which they
expect"may come sooner than expected."
The report reads:
In short, everything works as expected.
Bitcoin's dominance remains intact - its
market share of the overall digital asset
market capitalization has increased from 45%
in April to 50%.
We now expect greater price gains than
before in the run-up to the halving, especially
with the earlier-than-expected launch of US
spot ETFs. This suggests that Bitcoin coul
reach $100,000 levels by the end of 2024.
In fact, as early as April this year when the
encryption market was still in the cold winter,
#BTC
