bitcoinBTC/USD
$ 20,003.00
ethereumETH/USD
$ 1,128.77
tetherUSDT/USD
$ 0.999909
cardanoADA/USD
$ 0.456899
xrpXRP/USD
$ 0.323634
usd-coinUSDC/USD
$ 1.00

Standard Chartered: Bitcoin To $100K In Early 2022

Standard Chartered: Bitcoin To $100K In Early 2022

There have been many price predictions on Bitcoin, and many have suggested that the $100,000 milestone might be reached by the end of this year. While the recent dip on Tuesday created panic in the cryptocurrency market, some experts suggest that this decrease might be a “false dip.”

The cryptocurrency research unit of Standard Chartered, one of the biggest financial services companies in the world, predicts that BTC might hit $100,000 by the end of this year or at the beginning of 2022. 

Furthermore, they suggest that this growth of BTC could see ETH soar in price as well. They value ETH in the range of $26,000-$35,000. This range could as well be achieved if BTC reaches $175,000 in the future.

Nick Spanos, the co-founder of Zap Protocol and a well-respected figure in crypto communities, suggested that the recent price dip was merely a false dip. Related to the dip is the decision of El Salvador to purchase 200 BTC.

Related: First Country in the World to Purchase BTC: President Bukele Confirms El Salvador 200 BTC Purchase

El Salvador made Bitcoin a legal tender, and it made the headlines as the first country to do so. Critics looked at the recent dip as one of the reasons why such a decision should not have been made. However, Spanos disagrees and believes that this further promotes innovation in El Salvador.

Also read: Kremlin: Russia Holding off on Accepting BTC as Legal Tender

Also read:

Related News

The withdrawal limit for traders has been temporarily lowered by cryptocurrency-backed loans provider CoinLoan.

The Withdrawal Limit Temporarily Reduced by CoinLoan

The withdrawal limit for traders has been temporarily lowered by cryptocurrency-backed loans provider CoinLoan. The corporation cited the present market crash as the reason for the decision. Due to the change, customers are now limited to a $5,000 maximum withdrawal limit each day. In their announcement, they noted the following: “the interest we pay on the Interest Accounts is yielded by issuing overcollateralized loans to other platform users. Hence in some

Read More »
The price may perhaps clear the $1,200 obstacle above the next significant resistance, which is located close to the $1,180 zone.

New Surge in Sight As Ethereum (ETH) Gathers Momentum

Following a period of stability at $1,000 versus the US Dollar, Ethereum (ETH) enters a new uptrend. Above the $1,150 barrier level, Ethereum (ETH) can move much higher. Near the $1,070 region, the pricing was able to overcome a few significant obstacles. Even the 61.8 percent Fib retracement level of the significant decline from the swing high of $1,235 to the low of $997 was tested by the price. The

Read More »
In order to share their doubts about the industry, the first anti-crypto conference attendees are hoping to get a word with officials from the government.

Crypto Policy Symposium 2022: The First Anti-Crypto Conference

In order to share their doubts about the industry, the first anti-crypto conference attendees are hoping to get a word with officials from the government. Critics of the industry and doubters have joined together to host their own anti-crypto conference where they can express their doubts and connect with legislators in the midst of the most recent crypto bear market. The Crypto Policy Symposium promises to provide skeptics a platform

Read More »

My Coins

bitcoinBitcoin
$ 20,003.001.68%
ethereumEthereum
$ 1,128.773.13%
cardanoCardano
$ 0.4568992.46%
tetherTether
$ 0.9999090.19%

Newest Videos on YouTube

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy

Bitcoin

Contact Us

For any question conatct us through:

sales@crypto-academy.org

Disclaimer: All information and materials on this website are for educational purposes only. Crypto-academy.org does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: sales@crypto-academy.org