Standard Chartered Predicts $200,000 Bitcoin Price by Year-End
Standard Chartered Bank has predicted the price of Bitcoin will reach $200,000 by the end of the year, led by their Digital Asset Research division.
This event signals a significant shift in Bitcoin's market dynamics, potentially altering the asset's role and appeal to large financial institutions.
The prediction underscores a possible structural change in Bitcoin's market dynamics. Geoff Kendrick, Head of Digital Asset Research at Standard Chartered, indicated that Bitcoin is maturing into a mainstream asset, reinforced by institutional frameworks rather than retail speculation.
