Another digital currency research group at Standard Chartered has anticipated bitcoin will double in value and hit $100,000 in early 2022 and that it may be worth as much as $175,000 longer-term.
The bank likewise said it “primarily” valued Ethereum, the second-most traded crypto resource, at $26,000-$35,000 in spite of the fact that to arrive at that level bitcoin would need to be close to $175,000.
“As a mechanism of trade, bitcoin may turn into the predominant peer-to-peer payment technique for the global unbanked in a future cashless world,” Standard Chartered’s new crypto research unit headed by Geoffrey Kendrick who is additionally the global head of its emerging markets currency research said in a note to customers on Tuesday.
“Consistently, we expect a peak around $100,000 in late 2021 or mid-2022”
Bitcoin was at $46,024 in early European trading on Wednesday subsequent to scaling a four-month high above $52,000 on Monday while Ethereum solidified misfortunes at $3,366.
