Bitcoin
It is ready to challenge historical patterns after the sheet and push towards a historical maximum in the second half, the standard investment bank rented (Stan) He said in a research report on Wednesday.
The price of cryptocurrency generally falls approximately 18 months after half, a quadriennial event that slows the growth rate in the supply of bitcoins. This time, the structural support of institutional investors is expected to counteract any weakness of this type, said Geoff Kendrick, head of digital asset research at Standard Chartered.
“The middle cycle of half of the Bitcoin is dead,” Kendrick wrote.
The analyst reiterated his Bitcoin end of the end of the year prices of $ 200,000, and said he hopes that the largest cryptocurrency will increase to around $ 135,000 at the end of the third quarter.
Strong entrances of funds quoted in Bitcoins Spot Exchange (ETF) And the renewed demand of the corporate treasure, which combined total 245,000 BTC in the second quarter, are considered key drivers, and is expected to be accelerated in the coming months, according to the report.
The macro -tailed winds include a possible early way out of the president of the FED, Jerome Powell, and the progress in the US legislation.
Read more: The strategic bitcoin reserve of the USA
