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Standard Chartered analyst: BTC may reach $200,000 by the end of the year, and could hit $500,000 by 2028.
Geoffrey Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank, stated that all predicted catalysts are consistent with the rise of this asset, and he expects more positive momentum in prices in the coming weeks and months, but also recommends exercising caution due to insufficient market liquidity. Geoffrey Kendrick added, "My prediction for BTC is that by the end of the second quarter, the number of BTC will reach 120,000, by the end of 2025 it will reach 200,000, and by the end of 2028 it will reach 500,000. Everything is under control."
Analysts note that the "buy in May" strategy is performing well in the current market. Bitcoin price broke above $111,000, hitting an all-time high. In addition, there has been a surge in demand for Bitcoin options, showing strong investor interest in future movements. Analysts believe that the current market sentiment is positive, and the inflow of funds continues, which may push the price of bitcoin further higher. However, there are also experts who warn investors to pay attention to market volatility and potential risks. $BTC
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