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

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PANews March 24 news, according to BusinessInsider, multiple institutions still expect BTC to reach $200,000. Bernstein wrote in a report released on March 3: "Cryptocurrency skeptics may remain uneasy, but the timeline for 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." Standard Chartered analyst Geoff Kendrick is even more confident that Bitcoin will reach $200,000 by the end of this year, as macro issues prompt interest rate cuts, which will be beneficial for Bitcoin. 21Shares strategists have seen similar results and expect that lower interest rates will increase the liquidity of Crypto Assets and push Bitcoin up to $150,000. Some others expect the price of Bitcoin to be even higher, such as Strategy founder and Bitcoin advocate Michael Saylor, who predicts that the price of Bitcoin will reach $444,000 by the end of the year.

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