Bitcoin's price has dipped amid U.S. stock market fluctuations. Experts from Standard Chartered and Capo have offered their forecasts on the situation and the future of cryptocurrency.
Standard Chartered's Bitcoin Projection
Geoffrey Kendrick from Standard Chartered shared his optimistic outlook, predicting Bitcoin might hit $200,000 by the end of the year. Despite recent market downturns, analysts remain confident about the bullish sentiment in the crypto sphere.
Capo's Market Predictions
Capo, known for his forecasts, expects short-term changes, including a possible temporary improvement following NVIDIA's earnings report. He outlines a three-phase cycle: initial rise, a significant drop, and eventual altcoin growth.
Impact of Inflation and Tariffs on Price
Economic factors such as tariff policy and inflation may significantly influence the future movements of Bitcoin. These aspects complicate the prediction of cryptocurrency prices.
Bitcoin’s recovery path hinges on external factors like tariff negotiations and inflation data, creating a complex landscape for cryptocurrency enthusiasts.
