Australia's Reserve Bank interest rate decision until August 12

#Will Bitcoin eco-tokens surge amid the upcoming halving?# How many dollars will Bitcoin be after a halving? Five different BTC price predictions There is almost a week left until the halving event, in which the rewards will be halved in the Bitcoin blockchain, the ancestor of cryptocurrencies. There is almost a week left until the halving event, in which the rewards will be halved in the Bitcoin blockchain, the ancestor of cryptocurrencies. Although BTC has reached an all-time high of $73,000 since the beginning of the year, uncertainty about the post-halving continues. In this content, we have included BTC price predictions of major financial institutions and experts for the upcoming period. One-and-a-half-year Bitcoin forecast from Standard Chartered At the beginning of the year, UK-based financial giant Standard Chartered shared a report assuming that the SEC would approve spot Bitcoin ETFs. The giant bank expects inflows of between $50 billion and $100 billion into spot ETFs over time. The bank referred to the significant rise in the ounce gold price with the listing of gold ETFs. In a research report shared at the beginning of 2024, Standard Chartered predicted that the price of Bitcoin will reach the level of $200,000 by the end of 2025. Anthony Scaramucci expects BTC to quadruple after halving Famous investor Anthony Scaramucci opened his mouth after a long time in February. The SkyBridge Capital founder stated that he expects a rally in Bitcoin and altcoins. Since then, BTC has broken an all-time record, but the expected rises in altcoins have not been seen. Scaramucci commented that the price of Bitcoin will quadruple after the halving: "Let's say we're at $50,000 in April, then $200,000 would be a result. Let's say we're at $60,000, it will be $240,000 after the halving."  JPMorgan's upside-down Bitcoin commentary Banking giant JPMorgan, which has an important place in the history of US finance, has a different opinion, unlike other analysts. JPMorgan shared its negative expectation for the post-halving in its report shared at the end of February. Bank analysts are of the opinion that the potential increase in the cost of production of miners and the post-halving euphoria will weaken. JPMorgan predicted that the price of Bitcoin could fall to as low as $42,000 after the halving. Matrixport: "We are in the middle of a bull cycle" Matrixport believes that Bitcoin is still in the midst of a bull market cycle that will peak and that prices will continue to rise before the next major bear market begins in 2024. The report cites Bitcoin's scarcity and institutional adoption as the main drivers of future price increases; because only 21 million Bitcoins can be produced in total. Matrixport has set its average price prediction for the end of 2024 at $125,000. According to calculations, in the most optimistic scenario, the BTC price could reach $216,000 by the end of 2024. Tim Draper expects a bullish trend in BTC Well-known venture capitalist Tim Draper believes that Bitcoin will triple in value by 2024 due to increased inflows into spot exchange-traded funds (ETFs) and the upcoming Bitcoin halving event. In an interview with Cointelegraph during Paris Blockchain Week, Draper reiterated that Bitcoin's value will increase drastically, taking into account several factors. Recalling his previous price predictions for 2022, Draper said, "If I had to guess, maybe we could see $250,000 by the end of the year; And that looks pretty good," he said. #ContentStar# #Gate post Highlights# #HotTopicDiscussion# #BountyCreator# #GateLive# #NewsMessenger#

Bitcoin also had its share of the turmoil in the markets on Friday. The cryptocurrency fell below $68,000 7 days before the halving. The pullback in Bitcoin is thought to be part of a wave of large-scale sell-offs in the markets. increased geopolitical risks with the growth of tensions between Israel and Iran; While it supported the upward movements of US bonds and the dollar, it led to a decline in stocks. The S&P 500 lost 1.6%, while the dollar index rose above 106 for the first time since November. Both the S&P 500 and the Dow posted their biggest declines of the year. Today, the ounce of gold, which broke a record with 2 thousand 431 dollars, decreased to 2 thousand 354 dollars. #HotTopicDiscussion#

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