SCBFY - Will Bitcoin Rally To $100000 Before 2025? This Bank Says 'Things Are Moving...' | Benzinga
Standard Chartered (OTCMKTS: SCBFY) has reaffirmed its outlook for Bitcoin's (CRYPTO: BTC) price to peak to $100,000 by/before the end of 2024.
"Things are moving as expected," the bank proclaimed, echoing its message from April that the so-called crypto winter is over.
What Happened: "Put simply, everything is working as expected," the bank's Geoff Kendrick stated. "BTC’s dominance remains intact – its share of overall digital assets market cap has increased to 50% from 45% in April.”
Based on CoinMarketCap data, BTC's dominance in the crypto market is currently at 52.06%.
CoinDesk reports citing the team, "We think a number of spot ...