Standard Chartered: Bitcoin to Reach $200,000 by Year-End

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Through the report, pointing out the possibility of US agency fund inflow and policy changes
"Reaching $135,000 in the third quarter and recording $200,000 in the fourth quarter"

>Global bank Standard Chartered argued in a report released on the 2nd that Bitcoin (BTC) will reach around $200,000 by the end of this year, based based on net inflows through exchange exchange-traded funds (ETFs) corporate purchases. <. To optimism. Standard Predicted Will reach,the this year and record $200,000 by the end of the year. Standard Chartered said that the Bitcoin ETFs in the United States are currently purchasing about twice as many as the first half of the year, and this trend will continue in the third and fourth quarters. "US Bitcoin spot ETFs 118,424 Bitcoin the first half of the year, and recently purchased245 ,245," and "'This accumulation trend seems unlikely to be easily easily broken this this year."Argued that in US will drive Bitcoin's upward trend. are that Trump the, trying to dismiss Jerome Powell, of (Fed)," "retirement of the chairman and the resulting resulting quantwill increase the for risky assets, and benefit the entire cryptocurrency market, including Bitcoin." Standard that that Bitcoin has matured as asset. "Bitcoin has gone through a 4 , but now seems to have broken the cycle of that of that," and bull market expected to end end in and October will also be up missed this time." Standard's prediction has missed once. In a report released in May, it claimed that Bitcoin would reach $120,000 in the second quarter of this year, but Bitcoin did not achieve a new high after recording $112,000 in May. Kwon Seung-won Reporter ksw@blockstreet.co.kr

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