Bitcoin price prediction: Cryptocurrency tipped to be worth a record $100,000 in just months

The world’s largest cryptocurrency, Bitcoin has the potential to reach $100,000 by year end, a report claims. According to a research paper by Standard Chartered Bank the climb to hitting six figures could be driven by a number of factors. The recent banking-sector crisis has helped to “re-establish bitcoin’s use as a decentralised scarce digital asset,” the bank said in the report on Monday. “Against this backdrop, bitcoin has benefited from its status as a branded safe haven, a perceived relative store of value and a means of remittance,” analyst Geoff Kendrick added. Since the start of the …