Despite the Bitcoin crash on Tuesday, investment institutions remain optimistic about the prospects for the world’s main cryptocurrency. Thus, according to Standard Chartered’s forecast, the value of Bitcoin could rise to $ 100,000 early next year, and in the long term, Bitcoin could reach $ 175,000.
However, Standard Chartered is optimistic about not only the prospects for Bitcoin, but also Ethereum. The financial corporation believes that by the time bitcoin rises to $ 175,000, the value of Ethereum will skyrocket to $ 26-35,000. That is, in terms of growth in the value of Ethereum, a more promising asset: if Bitcoin will rise in price by about 4 times, then Ethereum – by 7.5-10 times.
Jeffrey Kendrick, Head of Cryptocurrency Research at Standard Chartered, said: “Bitcoin could become the dominant decentralized payment method for unbanked people in the cashless world of the future».
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