"There is a possibility of a significant increase in capital inflow into the cryptocurrency market this year"
JH Kim
Summary
- Standard Chartered reported that more capital is expected to flow into the cryptocurrency market this year.
- It stated that following major institutional investors, pension funds are also expected to include Bitcoin and Ethereum in their portfolios.
- It mentioned the possibility of BTC and ETH prices rising to $200,000 and $10,000, respectively, in a favorable environment.
According to Decrypt, a cryptocurrency-focused media outlet, on the 22nd (local time), Standard Chartered recently reported that "more capital will flow into the cryptocurrency market this year compared to last year, and following major institutional investors, pension funds are also expected to include Bitcoin (BTC) and Ethereum (ETH) in their portfolios."
Furthermore, it analyzed that "if a favorable environment for the cryptocurrency industry is established following the inauguration of the Trump administration's second term, BTC could rise to $200,000 and ETH to $10,000 by the end of this year."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
