Standard Chartered Executive: Bitcoin Expected to Hit All-Time High Over the Weekend
PANews reported on May 22 that according to The Block, Geoff Kendrick, Head of FX Research and Digital Assets Research at Standard Chartered Bank, expects Bitcoin to reach an all-time high over the weekend, hitting the March 14 level of $73,798. Kendrick added that the optimism surrounding the potential approval of a spot Ethereum ETF this week has made him more confident in his price target for Bitcoin, which is $150,000 by the end of 2024 and $200,000 by the end of 2025. Kendrick also noted that the situation has been more constructive in recent days, with inflows into spot Bitcoin ETFs increasing, bringing the total to a record high of $12.9 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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