LONDON: Standard Chartered Bank says the value of the bitcoin could reach $100K in 2022.
According to the details, Standard Chartered Bank has said that the value of digital currency bitcoin could go up to $100K dollars early next year, and it is likely that its price will increase to $175 thousand dollars.
Geoffrey Kendrick, head of Chartered Bank’s new cryptocurrency team, says bitcoin could be the biggest source of payment in the future.
He said that according to the cycle that is going on, bitcoin is expected to go up to one lakh dollars by the end of this year or early 2022.
It should be noted that the price of bitcoin in Europe on Wednesday was 46 thousand 24 dollars, while two days ago on Monday it reached 52 thousand dollars.
On Tuesday, El Salvador became the first country in the world to recognize the bitcoin as a legal tender.