Viewpoint: Many institutions are still optimistic about Bitcoin and expect it to reach a minimum of $150,000

PANews reported on March 24 that according to BusinessInsider, several institutions still expect BTC to reach $200,000. Bernstein wrote in a report released on March 3: "Cryptocurrency skeptics may always be uneasy, but the timeline for the industry's development remains difficult to ignore. We are in a new era. For us, cryptocurrencies remain strongly bullish. We still believe that Bitcoin will reach $200,000."

Standard Chartered analyst Geoff Kendrick is even more certain that Bitcoin will reach $200,000 by the end of the year as macro issues prompt interest rates to fall, which will be good for Bitcoin.

21Shares strategists see similar results and expect lower interest rates to increase cryptocurrency liquidity and push Bitcoin to $150,000. Others expect Bitcoin prices to go even higher, such as Strategy founder and Bitcoin advocate Michael Saylor, who predicts Bitcoin will reach $444,000 by the end of the year.