Industry experts regarded Tuesday’s crypto market crash as a “false drop” and reiterated the $100,000 Bitcoin (Bitcoin) Year-end price.
In a new report from the Cryptocurrency Research Department of Standard Chartered Bank, Bitcoin is Expected “At the end of 2021 or early 2022” reach 100,000 US dollars, accompanied by a huge amount of Ether (Ethereum) Prices soared.
The research team stated that the “structural” value of Ether is between US$26,000 and US$35,000-10 times its current price-but BTC must reach US$175,000 to achieve this goal.
Nick Spanos is one of the earliest BTC exchange operators and the co-founder of Zap Protocol. He defined The crypto market crashed on Tuesday As a wrong angle of inclination. “Large financial institutions and the media said that this was because the launch in El Salvador was not smooth. I am in El Salvador and things look spectacular,” he said, adding:
“So we have a president who is breaking new ground, like a top CEO, launching innovation. He believes this: he bought down, and everyone should be like that.”
Spanos supports the idea of setting the price of Bitcoin at $100,000 at the end of the year, adding that Ether also hopes to reach $10,000 by then.
Spanos said, “Because of the decline, which is essentially a big sale, it will almost certainly prove to be a great move.”
At the time of writing, the price of Bitcoin is close to $46,400. As Cointelegraph reported, Bitcoin closed at $53,000 On Tuesday, the day El Salvador adopted the largest cryptocurrency as legal tender, Before falling sharply to 43,000 USD.