Standard Chartered is taking a bullish position on bitcoin. Standard Chartered's newly formed cryptocurrency research team estimates the potential for bitcoin's price increase to double.

In the projections of the Standard Chartered team, the value of bitcoin will reach US $ 100,000, or the equivalent of Rp. 1.4 billion more at the beginning of next year. In fact, bitcoin has the opportunity to touch US $ 175,000 (Rp 2.5 billion) in the long term.

The bank also said it "structurally" values ​​Ethereum in the US$ 26,000-US$ 35,000 (Rp 371 million-Rp 499.4 million) price range. However, the cryptocurrency with the second largest market capitalization value was only able to reach this price range when the bitcoin price approached the US$ 175,000 range.











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