Standard Chartered: Bitcoin will never drop below $100,000 again

Analysts at Standard Chartered, the British investment bank, have been saying for a whole year that Bitcoin can only go up. Now that the jump to a new record is taking its sweet time, they’ve come up with a new prediction: they now believe Bitcoin will never fall below $100,000 again. It seems risky, but Geoff Kendrick, the biggest Bitcoin fan at the bank, is quite confident.

Seoul

Tomorrow, Chinese President Xi Jinping and US President Donald Trump will meet in the South Korean capital, Seoul. According to Standard Chartered, the good news likely to emerge from these talks will give Bitcoin a new boost, with the stock likely to rise to $150,000 before the end of the year. The forecast from the British bank comes during a period of thaw in the UK for Bitcoin and cryptocurrencies.

Not only are digital currencies being embraced by Nigel Farage, the leader of the Reform Party, who leads virtually all political polls, but a first company that directly investing in crypto will soon be listed on the LSE, arguably the largest stock exchange in the country.

KR1, an investment company registered in the Isle of Man, is relocating from the smaller Aquis stock exchange to the more established LSE (London Stock Exchange) to attract new investors for its crypto investment plans.