Bitcoin's Price Set to Soar to $130,000 by March 2023
Bitcoin's btc price has been on an upward trajectory, with several factors contributing to its potential increase. Standard Chartered has projected a bitcoin price of $130,000 by March 2023, while technological deflation facilitated by AI and other regulatory changes are expected to boost its value.
Standard Chartered's head of research, Geoff Kendrick, anticipates increased institutional interest and bullish market trends driving Bitcoin's btc price up. This is supported by the recent executive order signed by Donald Trump on cryptocurrencies, which may provide greater market confidence.
The SEC's rescinding of SAB 121 regulation is expected to have a significant impact. In January 2025, after its repeal, traditional financial institutions were encouraged to include digital assets like Bitcoin in their balance sheets. This will facilitate institutional inflows and increase participation in Bitcoin, making it easier for these institutions to manage digital assets. Bitcoin's demand continues to grow, with exchange-traded funds (ETFs) registering record inflows.
Bitcoin's btc price is expected to rise, with Standard Chartered projecting a bitcoin price of $130,000 by March 2023. The Federal Reserve's unchanged interest rates until then, along with the repeal of SAB 121 and increased institutional demand, are all bullish factors contributing to this projection. As Bitcoin continues to trade above $106,000, institutional inflows could accelerate its btc price growth, solidifying its narrative as a solid investment and long-term store of value.
