Multiple institutions expect BTC to still reach over $150,000, and long positions have not been intimidated by market fluctuation.

Odaily News The long positions in crypto assets have not been shaken by this year’s severe market fluctuations, and multiple institutions still expect BTC to reach $200,000, including:

1. Bernstein: Cryptocurrency skeptics may remain uneasy, but the timeline of the industry’s development is still hard to ignore. We are in a new era. For us, cryptocurrency remains strongly bullish. We still believe that Bitcoin will reach $200,000;
2. Standard Chartered: Analyst Geoff Kendrick firmly believes that macroeconomic issues will lead to interest rate cuts, which will be beneficial for BTC, predicting that BTC will reach $200,000 by the end of this year.
3. 21Shares: It is expected that the decline in interest rates will increase the liquidity of crypto assets, pushing the price of BTC to reach $150,000.
4. Amberdata: Given the importance of Federal Reserve policies, Crypto Assets investors should pay attention to the upcoming inflation data to determine when the market will regain upward momentum.
5. Strategy founder Michael Saylor: Bitcoin’s price will reach $444,000 by the end of the year. (BusinessInsider)