
Standard Chartered, an $840B global bank, has significantly increased its year-end forecast for Bitcoin, raising the target from $100,000 to $150,000. The bank draws parallels between Bitcoin and gold, suggesting that Bitcoin's price could reach $680,000 if it matches gold's $14 Trillion market cap, compared to Bitcoin's current $1.4 Trillion cap. Additionally, Standard Chartered anticipates the SEC's approval of a spot Ethereum ETF on May 23, potentially leading to US$45 billion in inflows within the first year and pushing Ethereum's price to $8,000 by year-end. The bank also speculates that Bitcoin's market cap could surpass that of money market funds, positioning it around $300,000.



BITCOIN: It is foreseeable that Bitcoin will eventually equal the market capitalization of gold. When it does the price will be around $595,238.
It is foreseeable that Bitcoin can achieve the total market capitalization of gold - around $12.5 trillion dollars. https://t.co/3GT4cVCYij
Friendly reminder that the ETH ETFs are getting approved on May 23rd. ETH is ridiculously undervalued at $3400.