Standard Chartered predicts that Bitcoin will reach $200,000 by the end of the year.

Standard Chartered Bank has revised its forecast for the price of Bitcoin, expecting that by the end of 2025, the price of this cryptocurrency could reach $200,000, up from the previous estimate of $150,000. The bank's analysts pointed out that the increase in Bitcoin ETF inflows and the reduction in miner supply are key factors driving the price surge. They also noted that Bitcoin's recent breakthrough past $50,000 has strengthened their bullish outlook. The bank anticipates that by the end of 2024, the price of Bitcoin will reach $100,000 and climb to $200,000 the following year. This forecast aligns with their view that, supported by institutional investment and broader market acceptance, the adoption of Bitcoin as a means of digital value storage will continue to grow. #Gate广场创作者星火计划#