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Standard Chartered: Bitcoin will hit $ 100,000 in 2021 or early 2022

Zachary Pearce by Zachary Pearce
September 9, 2021
in Cryptocurrency
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Standard Chartered: Bitcoin will hit $ 100,000 in 2021 or early 2022
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In a new report released by Standard Chartered, the team of industry experts perceives the cryptocurrency market crash on Tuesday as a “false discount“, reiterating the forecast of Bitcoin (BTC) a 100.000$ “by the end of the year or early 2022“, accompanied by a sharp rise in Ether (ETH).

The research team states that Ether is “structurally“valued between $ 26,000 and $ 35,000 – 10 times its current price – but BTC will have to reach a price of $ 175,000 for that to happen.

Nick Spanos, one of the first BTC exchange operators and co-founder of Zap Protocol, also defines the recent market downturn as a false decline. “Big finance and the media claim that an irregular launch took place in El Salvador. I am in El Salvador right now and the situation is exciting“, he said, adding:

“We have a president who is open to new horizons, like a high-level CEO who pushes innovation. He believes in it: he bought the discount, as everyone should do ”.

Spanos supports the idea of ​​Bitcoin (BTC) at $ 100,000 by the end of the year, adding that Ether will also try to hit $ 10,000 by then.

Related: El Salvador took advantage of Bitcoin’s dip to buy, the president confirms on Twitter

Spanos concluded by stating that “after the dip the prices are substantially discounted, it will almost certainly prove to be a big move“.

At the time of writing, Bitcoin’s price is hovering around $ 46,300. Tuesday, the day El Salvador adopted BTC as its legal tender, Bitcoin was sailing around $ 53,000, before the sharp drop that brought it back to $ 43,000.


Risk Disclosure: The articles and articles on Arover.net do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies.

Tags: BitcoinCharteredearlyhitStandard
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