1 Unstoppable Cryptocurrency to Buy Before It Soars 56% by the End of the Year, According to Standard Chartered
Bitcoin could reclaim the $100,000 price level by the end of the year.
Overview
Bitcoin (CRYPTO: BTC) may be down, but it's not out. A surprising number of analysts and investors now think that it could reclaim the $100,000 price level by the end of the year.
In July, Standard Chartered (OTC: SCBFY) doubled down on its $100,000 price target, calling Bitcoin a "screaming buy" at its current price level of $64,000. While Bitcoin is known for its spectacular year-end rallies, does it really have enough left in the tank to soar 56% by the end of the year?
Details
According to Standard Chartered, Bitcoin's price has been held down this year by all the hand-wringing over the financial condition of Bitcoin treasury companies such as Strategy (NASDAQ: MSTR). Instead of hoarding its Bitcoin, Strategy is now selling some of it, and that has spooked investors.
Source
Originally published at www.fool.com.