Bitcoin to $200K in ’18-24 months’ – What will drive the price?

Standard Chartered exec projects $150K per BTC by end-2024.recovery remained steady after it reclaimed $66K, about 11% away from its all-time high of $73.7K in mid-March.

Asked what could be potential catalysts for BTC price in the rest of the year, Nico Cordeiro, CIO of digital asset hedge fund Strix Leviathan,“The Federal Reserve is in on a trajectory to lower rates, despite inflation being sticky, despite fiscal spending being at record levels. It’s a good set-up for risks, both on the technology and cryptocurrencies.”“There’s a debate on whether Bitcoin is a safe haven or a high-risk hybrid asset. We kind of view the latter.

Additionally, the Standard Chartered executive projected that institutional investors’ allocation to gold vs. BTC could hit 80% gold and 20% Bitcoin.

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