COINDESK DAILY: Standard Chartered Bullish on Bitcoin; SOL Crosses $200 Amid Meme Coin Frenzy

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CoinDesk

News, Tech News, Daily News, Business News

4.7 • 698 Ratings

🗓️ 18 March 2024

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

Host Jennifer Sanasie breaks down the latest news in the crypto industry from Standard Chartered's bitcoin predictions to SOL's recent gains. To get the show every day, follow the podcast here. "CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as Standard Chartered raised its year-end forecast for bitcoin's (BTC) price to $150,000 from $100,000. Plus, surge in Solana’s SOL token on the back of the meme coin frenzy. And Kalshi brings betting on crypto to U.S.-based traders? - Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk to feature the industry’s most sought-after speakers, unparalleled networking opportunities and unforgettable experiences. Register now at consensus.coindesk.com. - This episode was hosted by Jennifer Sanasie. “First Mover” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:51.7	Standard Chartered is bullish on Bitcoin, increasing its year on Bitcoin price forecast by 50% to $150,000.
0:59.8	The bank also predicted that Bitcoin will reach a high for the cycle of $250,000 during 2025.
1:06.9	That's according to an emailed investment note on Monday.
1:10.2	The analysis was based on a comparison
1:12.1	with the price of gold after gold traded funds were introduced in the United States and a correlation
1:17.3	between ETF inflows and the price of Bitcoin. The bank also said the SEC could approve ether
1:23.1	ETFs in May leading to inflows of as much as $45 billion in the first 12 months, and
1:28.6	Heath reaching $8,000 by the end of 2024.
1:32.2	As of 9.30 a.m. Eastern time Bitcoin was at $67,831.
1:39.0	Ether was at $3,552, and the Coin Desk 20 index was at 2,643, up almost 3%.
1:48.0	Salon crossed $200 as meme coin frenzy bumps demand for the Solana network.
1:54.6	Seoul is now 22% away from its lifetime peak of $260, but has already crossed its record market cap of $75 billion.
	...

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