Standard Chartered: Buy as Bitcoin Falls Below $100,000
Bitcoin Price Drops Below $100,000: Golden Opportunity Or Red Alert?
Standard Chartered Bank has just released a new report, calling Bitcoin’s recent price drop an ideal buying opportunity , while also recommending investors consider potential altcoins as well.
Bitcoin Loses $100,000 Mark – Should You Buy or Wait?
Bitcoin's price falling below $100,000 earlier this week, causing the cryptocurrency market to lose more than 6% of its value in just one day , is a good sign for investors to take advantage of, according to Standard Chartered.
Currently, the total value of the global cryptocurrency market is only about $3.4 trillion , while analysts remain optimistic that the positive sentiment from former President Donald Trump's victory could put Bitcoin back on track.
Another factor that has contributed to the drop in Bitcoin prices is the strong development of Chinese AI application DeepSeek , a rival to ChatGPT . The increasingly close relationship between Bitcoin prices and technology stocks has put a lot of pressure on this market.
Bitcoin Future: $200,000 By 2025?
Despite the volatility, Standard Chartered predicts that Bitcoin's price could reach $200,000 by the end of 2025, thanks to capital inflows from major financial institutions.
In addition, former President Trump recently signed an executive order on cryptocurrencies, with the main contents:
Create a clear legal framework for the industry.
Support for stablecoin usage .
Prevent banks from denying services related to cryptocurrencies.
Ban on issuance of central bank digital currencies (CBDC) .
Could Altcoins Be the Next Wave?
In addition to Bitcoin, Standard Chartered also recommends that investors not ignore the opportunity from altcoins . Kendrick predicts:
“As institutional money flows into Bitcoin and Ethereum, some of it will shift to altcoins, creating a huge opportunity next year.”
Is this the time to be bold in investing or is the market still risky? The decision is yours!