Major institutions raise the credit rating of BTC.

Indra55

In November 2023, Standard Chartered Bank released a report stating that the $100,000 milestone would receive significant momentum from the approval of numerous ETFs. The bank also mentioned that the halving event would support the trend in Bitcoin prices. As early as April, Standard Chartered Bank had issued a report predicting that Bitcoin was likely to reach $100,000 by the end of 2024.

Matrixport, a self-proclaimed crypto financial services company, published a significant report in November, forecasting that Bitcoin would reach $63,140 by April 2024 and $125,000 by the end of 2024.

"According to our inflation model, the expected relaxation of the macro environment will continue to be a strong driving force for cryptocurrencies. We anticipate a further decrease in the inflation rate, which may prompt the Federal Reserve to start an interest rate reduction cycle. Coupled with geopolitical 'counter-currents,' this healthy monetary policy support should propel Bitcoin to new highs in 2024," Matrixport stated in the report.

Jafar224

The credit rating for this will still be very high.

Isha000

Let's take a look at this report.

Ritu13

As long as there's an improvement, it's all good.