Bitcoin will Reach Impressive Numbers by the End of the Year

Bitcoin will Reach Impressive Numbers by the End of the Year

Specialists just said that the price of Bitcoin will reach this impressive figure by the end of the year. Keep reading this article to find out all the details. Read on!

Specialists just said that the price of Bitcoin will reach this impressive figure by the end of the year. Keep reading this article to find out all the details. Read on!

After exceeding $50,000 at the beginning of the week, Bitcoin (BTC) experienced - like the main cryptocurrencies - a sharp decline that led it to fall back to the orbit of $46,500 this Wednesday.

After exceeding $50,000 at the beginning of the week, Bitcoin (BTC) experienced - like the main cryptocurrencies - a sharp decline that led it to fall back to the orbit of $46,500 this Wednesday.

But despite the red numbers in recent hours, the new analysis team on these digital assets from Standard Chartered Bank forecasts that the value of BTC will double and reach $ 100,000 by the beginning of next year.

In addition, the specialists put a long-term ceiling that will be around US $ 175,000.

The specialists also provided their vision about what will happen to the value of Ethereum (ETH), the second cryptocurrency with the largest market capitalization.

ETH would hit the $ 26,000-35,000 range. But for this to happen, BTC would have to trade close to $ 175,000 and push it to those numbers.

The specialists also provided their vision about what will happen to the value of Ethereum (ETH), the second cryptocurrency with the largest market capitalization.

"As a medium of exchange, Bitcoin could become the dominant peer-to-peer payment method for the unbanked in a future cashless world," said Standard Chartered's new crypto analytics unit, led by Geoffrey Kendrick - who He is also the global boss of his emerging market - in a note to his clients on Tuesday.

In addition, the expert added that "cyclically, we expect to reach a maximum of around $ 100,000 in late 2021 or early 2022."

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