Summary
- Standard Chartered shared an optimistic outlook that Bitcoin will reach $200,000 this year.
- They predicted that Bitcoin will reach $500,000 before President Trump leaves office.
- They stated that as clear regulations are established, the possibility of institutional investors entering the market will increase.
An optimistic outlook has emerged suggesting that Bitcoin (BTC) will rise significantly during Donald Trump's presidency.
On the 27th (local time), Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered, told CNBC, "Bitcoin will reach $200,000 this year, and will reach $500,000 before Trump leaves office."
Regarding this, he explained, "As clear regulatory frameworks for digital assets (cryptocurrencies) are established, institutional investors are more likely to enter the market. This will help reduce overall volatility and promote long-term growth."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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