Bitcoin

Standard

According to Geoff Kendrick, Head of FX Research and Digital Assets Research at Standard Chartered Bank, Bitcoin is predicted to reach an all-time high by the end of the week. 
This prediction comes in light of the potential approval of spot Ethereum ETFs this week; Kendrick believes these funds will further legitimize the cryptocurrency industry and have a positive impact on Bitcoin. 
“I expect Bitcoin to reach its all-time high of $73,798, March 14, by the end of the week,” Kendrick said in a recent email. Kendrick also expressed increased optimism this week about the potential approval of spot ETH ETFs, reinforcing his confidence in price targets of $150,000 for Bitcoin by the end of 2024 and $200,000 by the end of 2025. 
Related News: <a href="https://en.bitcoinsistemi.com/new-development-in-the-massive-gala-hack-founder-makes-a-statement/" target="_blank" rel="dofollow">New Development in the Massive GALA Hack - Founder Makes a Statement</a> 
Kendrick noted that inflows into spot Bitcoin ETFs have increased in recent days, with the total reaching an all-time high of $12.9 billion. 
This rally comes after the SEC requested an update to its 19b-4 filings for spot Ethereum ETFs on Monday, indicating potential progress toward approval. The first round of spot ETH ETF deadlines is fast approaching, with VanEck's filing deadline being May 23 and Ark Invest/21Shares' filing deadline being May 24. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/major-company-analyst-predicts-when-bitcoin-will-break-all-time-price-record/">Major Company Analyst Predicts When Bitcoin Will Break All-Time Price Record</a>

Major Company Analyst Predicts When Bitcoin Will Break All-Time Price Record

Bitcoin Sistemi EN

Other articles published on May 21, 2024

Spot Ethereum ETFs Will Be Approved This Week: Standard Chartered

Altcoin Market Cap Signals Inevitable Bull Run to All-time High Soon Led by Ethereum

Vitalik Warns: Super-Intelligent AI's High Risk Needs Caution Now!

MoonBag Presale Shines Bright: Can It Outpace Polkadot and Avalanche?

Multipool Partners with BSO Enabling Ultra-fast Low Latency Trading

ZkSync Announces Token Generation Event With a Supply of 21 Billion

Join our free newsletter for daily crypto updates!