Standard Chartered: Bitcoin’s $200K by Year-End and Beyond

Standard Chartered predicts Bitcoin could reach $200,000 this year, fueled by its ability to function as a hedge against financial instability and its growth potential as a tech asset. The firm believes Bitcoin’s value will rise when faith in traditional institutions is shaken and that its recent performance reflects the volatility of tech giants like Nvidia and Amazon. It’s also drawing investors seeking refuge from global market uncertainties.