Standard Chartered analyst Geoff Kendrick says if the U.S. defaults on debt, BTC could rally by 70%. 
Kendrick also predicted that BTC would touch $100,000 by 2024 end. 
2023 has been a relatively good year for Bitcoin; it almost touched the $31,000 mark for the first time in 11 months. Standard Chartered Bank (SCB) analysts say if the U.S. defaults on debts, the price could rally even higher, profiting Bitcoin investors. Geoff Kendrick, SCB’s head of digital assets research, argued that the crypto winter is over and predicted that Bitcoin could reach $100k by the end of 2024.
Bitcoin Could Rally If U.S. Defaults on Debts
Speaking to the media, Kendrick called the incident where the United States defaulted on debts a “low-probability, high-impact event.” Moreover, this event could cause an almost 70% surge in BTC price and jump by nearly $20,000 up from current levels. 

Source: TradingView; BTC/USDT
At the start of 2023, BTC price was around $16,500 and went near $31,000, and

Czytaj więcej

We współpracy z: https://www.thecoinrepublic.com/2023/04/30/bitcoin-could-rise-70-if-u-s-defaults-debt-scb-analyst/