Summary
- Jeff Kendrick of Standard Chartered stated that there is a possibility that Bitcoin prices could surpass $200,000 by next year.
- The Bitcoin uptrend is being driven by institutional funds flowing into Bitcoin Spot ETFs, and this fund inflow is expected to continue until next year.
- Additionally, President-elect Donald Trump's virtual asset promotion policy could further trigger Bitcoin's uptrend.
There is a forecast that Bitcoin (BTC) could surpass $200,000 by next year.
According to Decrypt on the 6th (local time), Jeff Kendrick, Global Head of Digital Assets at Standard Chartered, stated, "The current Bitcoin uptrend is being driven by institutional funds flowing into Bitcoin Spot ETFs. We expect this institutional fund inflow to continue until next year," he said.
He added, "The virtual asset promotion policy of U.S. President-elect Donald Trump could further trigger Bitcoin's uptrend."
Meanwhile, Bitcoin has reclaimed the $100,000 mark. On this day, Bitcoin is trading at the $100,000 level, up 2.3% from the previous day, based on the Binance Tether (USDT) market.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
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