❄️ Cryptocurrency winter? No. - Standard Chartered says it's just cold winds ahead of big gains.
In a new reassessment, Standard Chartered has halved its target price for #Bitcoin for 2025 from $200,000 to $100,000, blaming a slowdown in corporate buying.
They remain highly optimistic in the long term: they expect #BTC to reach $500,000 by 2030, driven by the adoption of ETFs and their advantage as a tool for diversifying investment portfolios (optimal allocation of 12-36% versus gold).
Jeffrey Kendrick, Global Head of Digital Assets, says, "The cryptocurrency winter is behind us," describing the recent downturn as merely "cold air."
Summary: Short-term demand has slowed, but long-term optimism remains unchanged.
#FOMCWatch #USChinaDeal #ETHBreaksATH
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