Standard Chartered’s head of digital asset research, Geoff Kendrick, has predicted a significant rise in bitcoin’s price, potentially surpassing its previous all-time high of $73,798 by this weekend. His optimistic outlook is fueled by the anticipated approval of spot ether exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC), which he believes will significantly enhance the credibility of the cryptocurrency sector. Kendrick is “80% to 90%” confident that the SEC will greenlight spot ether ETFs this week. He stated that the fresh optimism linked to the potential approval of spot ether ETFs has boosted his confidence in his BTC price target of $150,000 by the end of 2024.
Standard Chartered Predicts Bitcoin Could Hit All-Time High This Weekend
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