Standard Chartered Provides 5-Year Bitcoin Forecast: See the Target
Leading investment bank Standard Chartered recently published a five-year Bitcoin forecast. The global bank remains bullish on BTC’s prospects and predicts its price could sustainably scale up in the indices. Analysts wrote that accumulating Bitcoin at its current price of $100,000 is as good as buying the dips. Institutional funds are accumulating BTC in droves despite the digital asset hovering around its all-time high. Also Read: Most Used Currencies in the World: SWIFT Data The US Securities and Exchange Commission (SEC) approved the Bitcoin ETF in March last year. The move allowed trillion-dollar investment funds like BlackRock, Fidelity, VenEck, and Grayscale, among others to invest in the cryptocurrency. The influx of new investments pushed BTC to climb above the $100,000 mark in 2024. Taking all things into consideration, Standard Chartered has now forecasted a five-year target for Bitcoin. Also Read: Solana (SOL) February 2025 Price Prediction Bitcoin: 5-Year Price Target...