Standard Chartered and Deepseek AI have made ambitious predictions about Bitcoin's future price, suggesting it could reach $500,000.
Standard Chartered's Analysis
Geoffrey Kendrick from Standard Chartered expressed confidence in a CNBC interview that Bitcoin could rise to $500,000. Traditional financial institutions and their increasing involvement in the cryptocurrency ecosystem play a key role.
Predictions from Deepseek AI
Chinese AI Deepseek AI also predicted that BTC could reach a level of $500,000. Contributing factors may include US hyperinflation and the adoption of Bitcoin as a national reserve.
Impact of Regulations and Institutional Support
Clear and stringent regulations could strengthen Bitcoin's position, reducing risks and attracting new institutional investors. This implies further development of KYC standards and stablecoin regulation.
Despite the optimistic predictions from Standard Chartered and Deepseek AI, the volatility of the cryptocurrency market remains high, and only time will tell if Bitcoin will indeed reach its new heights.
