Viewpoint: Many institutions are still optimistic about Bitcoin and expect it to reach a minimum of $150,000

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PANews
03-24
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PANews reported on March 24 that according to BusinessInsider, many institutions still expect BTC to reach $200,000. Bernstein wrote in a report released on March 3: "Cryptocurrency skeptics may continue to feel uneasy, but the industry's development timeline cannot be ignored. We are in a new era. For us, cryptocurrencies remain strongly bullish. We still believe that Bitcoin will reach $200,000".

Standard Chartered analyst Geoff Kendrick is even more convinced that Bitcoin will reach $200,000 by the end of this year, as macro issues prompt interest rate cuts, which will be favorable for Bitcoin.

21Shares strategists saw similar results and expect lower interest rates will increase cryptocurrency liquidity and push Bitcoin to $150,000. Some predict even higher prices for Bitcoin, such as Strategy founder and Bitcoin advocate Michael Saylor, who predicts Bitcoin's year-end price will reach $444,000.

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