Standard Chartered sees Bitcoin falling to $50,000 near-term amid outflows and tight liquidity, but maintains a bullish long-term outlook with a $150,000 target for 2024.
Currently for large issuers, it’s a given that you simply have to use investment banks. But assuming regulatory compliance, it doesn’t need to be this way.
“I’m thinking $250,000 a bitcoin by 2022,” said Draper. “Believe it. They’re going to think you’re crazy, but believe it. It’s happening and it’s going to be awesome!”