718: BITCOIN WILL DOUBLE TO 6-FIGURES IN LATE 2021 OR EARLY 2022, PREDICTS STANDARD CHARTERED!!!!
Bitcoin will surge 115% from current levels to $100,000 either late this year or early next year, and could reach $175,000 per BTC in the long term, Standard Chartered's cryptocurrency research team has forecast.
The bank's team said it "structurally" values bitcoin between the range of $50,000 to $175,000. "Cyclically, we expect a peak around $100,000 in late 2021 or early 2022," they said in a note Tuesday.
It also sees the current price of Ethereum's native token ETH rising tenfold to between $26,000 to $35,000. No time period was specified for the price target.
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