Standard Chartered Bank Still Insists Bitcoin Will Reach $200,000 This Year Despite Recent Market Drop
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Odaily reported that earlier this week, due to the global stock market decline, Bitcoin fell below $90,000, a three-month low. However, Standard Chartered's digital asset research head Geoffrey Kendrick still believes that Bitcoin will reach and even break the $200,000 mark this year, and will further rise to $500,000 in the coming years. Geoffrey Kendrick said: 'As the crypto industry becomes more institutionalized, it should become safer.' He added that the crypto market will see fewer negative news, such as the recent $150 million hack attack on the cryptocurrency exchange Bybit.
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