Standard Chartered predicts this quarter of the new bitcoin of all the tallest-sini of all time is the purpose of the banking giant: report report
The British International Bank Standard Chartered states that Bitcoin (BTC) may, according to a new report, be hit at the top of the coming weeks.
Geoffrey Kendrick, the Standard Chartered Digital Assets Research Manager, sees Bitcoin's assessment of the current level of about 26% and reaches $ 120,000 before the end of the 4th quarter of 2025, reports Benzinga crypto.
Kendrick says in the research that the growing institutional demand and investors' desire to move capital away from US assets are some factors that can bring the price of Bitcoin in the coming weeks.
Bitcoin trades at a price of $ 94,980 at the time of writing.
In the long run, the Standard Chartered will project Bitcoin for $ 200,000 by the end of 2025.
A screenshot From April 28, a note of standard chartered studies shows that Kendrick believes that Bitcoin offers better risking against the financial risks submitted by the private sector than gold, such as the collapse of the bank or the failure to refuse a public sector such as a government.
“We see Bitcoin's main purpose in investor portfolios than at risks against the risks of an existing financial system. Although Gold offers similar mitigation against financial system risks, we claim that Bitcoin is more effective due to its decentralized nature. In the meantime, gold is better against land risk.
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