For a great part of 2020, talk around a spot Bitcoin ETF has been seen all over the accalaited digital asset particiants. Asset management entities such as BlackRock and Fidelity made this ascendable headway with their applications, enticing opinions on what ripple effects this may have on its overall performance.
Curious of this mesmerizing comment based stunt, one financial institution voiced its expectations loud and clear – Standard Chartered. Evoked their was personal hapiness potentially reaching the hyped $100,000 standpoint in 2021, along with recognition for the forthcoming Halving and a “crypto spring”, the unheard of 165% performance gain prediction by end of 2024 was acquired.
Discussing further, the apex’s head of EM FX Research, Geoff Kendrick, touched down thoughts on the high chance of reaching over the 10 figure margin because of unbeknown introduction of SPD-backed veiwpoints. He explicitely illumniated the sprint of the asset shortly before year’s end, considering the immediate influx of approval attaining ETF demands.
Indeed, did that unspoken acknowledgment presume from Standard Chartered hoist a coming of victorious terms? An answer to that set of questions sure would mark up an act of breakthrough worth admiring.
