Analysis: Institutional funding could drive Bitcoin to $200K

Standard Chartered believes that this year, more funds will flow into the cryptocurrency market than last year, Decrypt has reported. In particular, the report published by the British multinational bank claims that institutions will lead the way in that funding, particularly big banks and pension funds. If a favorable environment is created for the entire cryptocurrency industry by the Trump administration as cryptocurrency industry experts predict, Bitcoin will rise to $200,000 by the end of this year, and ETH to $10,000, Standard Chartered believes.