Analysts at one of the largest British banks, Standard Chartered, believe that in late 2021 or early 2022, the bitcoin rate will reach $ 100 thousand, and ethereum will experience explosive growth.
Cryptocurrency teammultinational corporation attributes Tuesday's market movement to a "false decline" at the stage of forming a springboard to achieve new records.
Experts predict that the price of BTC could rise to $100 thousand in the next six months, as the first cryptocurrency is on its way to leadership in the global peer-to-peer space.payments for people without access to banks.
Standard Chartered also points out thatIn parallel with Bitcoin, there will be rapid growth of Ethereum. According to the bank's researchers, ETH is currently structurally highly undervalued and should be in the range of $26,000-$35,000, but for this to happen, BTC would need to rise to $175,000.
Meanwhile, long-term holders continue to accumulate coins, according to Arcane Research. Since April, their reserves have grown by 20% and reached 13 million bitcoins.
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