Standard Chartered raises year-end Bitcoin price forecast to $150,000

Standard Chartered Bank has raised its year-end price prediction for Bitcoin from $100,000 to $150,000. According to an investment report sent via email on Monday, the bank also predicted that BTC will reach a high of $250,000 in the next cycle year and then stabilize around $200,000. Standard Chartered Bank's analysis is based on a comparison between the launch of the US gold exchange-traded fund (ETF) and the price of gold, as well as the correlation between ETF inflows and BTC prices.