The standard authorized crypto bull still sees Bitcoin who hits $ 500,000

Standard Analyst Charter Cripto continues to see the price of Bitcoin who hit $ 500,000 during Presidency Donald Trump, which sank the largest digital currency in the world to three months low.

Geoffrei Kendrick, which moves research on digital funds to the standard Chartered, said CNBC, believes that Bitcoin will hit Bitcoin this year in terms of $ 200,000 before he has once again climbed in the coming years.

“Within the CRIPTO ecosystem, what we need are traditional financial players, like Standard rentas Balkrock And others who now have ETFS to really enter, “Kendrick said in an interview with CNBC” Squavk Hi Europa “.

“As the industry becomes institutionalized, it should be safer,” Kendrick said, adding that this should result in less negative titles – as recently $ 1.5 billion Hack on Criptocurrenci Exchange Bibit Last week.

This increase in crypto adoption by institutions, together with some “proper clarity” in the United States, should lead to less instability over time, he added.

“It should add to that medium-term, top potential, which for me is for me, and about $ 200,000 this year, and $ 500,000 before Trump leaves the office,” Kendrick CNBC said.

Kendrick said the catalyst required for large financial institutions to gain confidence investments in Bitcoin and other crypto funds is price stabilization and increased regulatory clarity.

Bitcoin early this week sunk to a three-month low below $ 90,000 In the midst of declines in global markets in equity. From Thursday, Token traded $ 86,41,418. This means that about 20% of all the time of $ 108,786, which coin reached in January, according to Coingecko.

The standard Chartered’s Kendrick said that digital currencies are wider extensively due to uncertainty about tariffs and resolutions with great wars such as Russia-Ukraine and Israel-Gaza.

“Risk assets don’t like uncertainty, and we saw it. We saw technological stocks in the US coming below,” Kendrick said, adding that Bibit’s violation contributed to negative feelings.

It expects that the appearance of crypto will improve later in the year, because retailers are waiting for key regulations in industry, such as new rules around stablecoin and money laundering.

“It should be legitimized further, so you will see more American banks involved. You will see that larger institutions in the US continue,” Kendrick said.

Kendrick was one of the many market analysts who predicted doubling At Bitcoin’s price this year at $ 200,000. In December, Bitcoin violated $ 100,000 in December in December after Trump elections according to the presidency of the United States.

Cripto Bulls View Trump positively gave its support to digital currencies. In January, Trump signed the executive order Promoting the improvement of the cryptocurrija in the United States and developing a national stock of digital assets.

Cripto investors, companies and executives almost half of the corporate donations seem In the storage cycle of 2024. Year, with some contribution to tens of millions of dollars to the Trump campaign.