Reaching $20 at the end of the year is no problem

$Riot Platforms(RIOT.US)$ Geoff Kendrick, a well-known crypto friend and head of digital asset research at Standard Chartered, said in an interview last week that cryptocurrencies face a bullish setting, and their upward trend may reignite, and the price of Bitcoin may still more than double this year. Bitcoin's target price of $150,000 was reaffirmed.

Kendrick estimates that since it was approved for listing in January, spot Bitcoin ETFs have collected around $12 billion. Despite the temporary cautious attitude of retail investors, once the US cryptocurrency ETF market becomes more “mature,” capital inflows may increase to 50 billion to 100 billion US dollars in the next two years. He also claimed that after the completion of a new round of “halving”, Bitcoin also appears to be on a bullish trajectory.