Odaily Planet Daily News Cryptocurrency bulls have not been shaken by this year's violent market fluctuations. Many institutions still expect BTC to reach more than $150,000, including:
1. Bernstein: Cryptocurrency skeptics may always be uneasy, but the timeline for the industry's development is still hard to ignore. We are in a new era. For us, cryptocurrencies remain strongly bullish. We still think Bitcoin will reach $200,000;
2. Standard Chartered: Analyst Geoff Kendrick firmly believes that Bitcoin will reach $200,000 by the end of this year because macroeconomic issues will prompt interest rate cuts, which is good for Bitcoin;
3. 21Shares: It is expected that the decline in interest rates will increase the liquidity of cryptocurrencies and push the price of Bitcoin to $150,000;
4. Amberdata: Given the importance of the Fed's policy, cryptocurrency investors should pay attention to the upcoming inflation data to determine when the market will resume its upward momentum;
5. Strategy founder Michael Saylor: The price of Bitcoin will reach $444,000 by the end of the year. (BusinessInsider)