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Standard Chartered Makes $135,000 Bitcoin Bold Prediction for Q3
Standard Chartered, a renowned global banking institution, has made a bold and astonishing prediction regarding the price of Bitcoin. According to their forecast, they anticipate that the cryptocurrency’s value will surge to an unprecedented high of $135,000 by the end of the third quarter.
This eye-catching prediction has sent shockwaves throughout the crypto community, with many investors scrambling to get in on the action. The bank’s prediction comes amidst a backdrop of unprecedented institutional buying, with numerous institutions showing increased interest in Bitcoin.
In recent weeks, we have seen an influx of spot Bitcoin ETF purchases from these very same institutions, which has propelled the price above $110,000 for the first time in months. This dramatic increase in value can be attributed to the robust demand for BTC spot ETFs and their subsequent impact on the overall market sentiment.
Furthermore, analysts at Standard Chartered have suggested that the price of Bitcoin breaking above its previous all-time highs could see the cryptocurrency rally towards $120,000 or higher.
Source: usethebitcoin.com
