WEBVTT 00:00:05.899 --> 00:00:16.500 Welcome to the Bitcoin Street Journal. Stay ahead 00:00:16.500 --> 00:00:18.859 of the game and keep your Bitcoin safe from government 00:00:18.859 --> 00:00:21.440 and central banks by subscribing to this podcast. 00:00:22.019 --> 00:00:24.500 With daily live news updates on Bitcoin and related 00:00:24.500 --> 00:00:28.539 markets, technical analysis, price, capitalization 00:00:28.539 --> 00:00:31.059 and supply, the Bitcoin Street Journal is your 00:00:31.059 --> 00:00:34.350 go -to source for all things Bitcoin. Don't miss 00:00:34.350 --> 00:00:36.469 out on breaking Bitcoin news, financial updates 00:00:36.469 --> 00:00:38.990 and world news. Subscribe now to stay in the 00:00:38.990 --> 00:00:41.729 loop. In today's episode, we'll cover Bitcoin's 00:00:41.729 --> 00:00:45.329 predicted surge to $100K due to bank turmoil, 00:00:45.649 --> 00:00:48.710 halving and the end of Fed rate hikes, the growing 00:00:48.710 --> 00:00:51.570 popularity of money market funds and Standard 00:00:51.570 --> 00:00:53.689 Chartered's prediction that Bitcoin will reach 00:00:53.689 --> 00:00:58.570 $100K by 2024 due to SVB collapse and banking 00:00:58.570 --> 00:01:10.109 contagion fears. Hey there, have you heard the 00:01:10.109 --> 00:01:12.969 news? Bitcoin is set to soar to new heights, 00:01:13.230 --> 00:01:15.049 with Standard Chartered predicting that it could 00:01:15.049 --> 00:01:19.430 even reach $100 ,000 by the end of 2024. That's 00:01:19.430 --> 00:01:22.790 a massive 268 % increase from current levels. 00:01:23.250 --> 00:01:26.090 But why, you ask? Well, the crypto winter is 00:01:26.090 --> 00:01:28.409 finally over and there are several factors contributing 00:01:28.409 --> 00:01:31.109 to this potential surge. One of these factors 00:01:31.109 --> 00:01:33.629 is bank turmoil, coupled with Bitcoin halving 00:01:33.629 --> 00:01:36.650 and the end of Fed rate hikes. While there are 00:01:36.650 --> 00:01:39.579 still some sources of uncertainty, Standard Chartered 00:01:39.579 --> 00:01:42.700 believes that the pathway to the USD 100 ,000 00:01:42.700 --> 00:01:46.219 level is becoming clearer. Now, speaking of uncertainty, 00:01:46.760 --> 00:01:48.819 people are flocking to money market funds to 00:01:48.819 --> 00:01:51.140 protect their money amidst concerns about bank 00:01:51.140 --> 00:01:53.719 safety and turmoil. In fact, since the start 00:01:53.719 --> 00:01:57.819 of March, $286 billion has flowed into money 00:01:57.819 --> 00:02:00.620 market funds, the biggest month since the depths 00:02:00.620 --> 00:02:03.780 of COVID. With their higher yields, these funds 00:02:03.780 --> 00:02:06.200 are becoming an increasingly attractive option. 00:02:06.560 --> 00:02:08.860 especially since the Federal Reserve has been 00:02:08.860 --> 00:02:11.680 aggressively raising rates. While money market 00:02:11.680 --> 00:02:14.900 funds aren't guaranteed, they do invest in the 00:02:14.900 --> 00:02:17.979 safest and most liquid instruments. Plus, similar 00:02:17.979 --> 00:02:20.860 accounts offered by banks are even safer, offering 00:02:20.860 --> 00:02:24.800 FDIC insurance up to $250 ,000 per depositor. 00:02:25.240 --> 00:02:27.419 So if you're considering investing your money 00:02:27.419 --> 00:02:31.080 in money markets, what are your options? Well, 00:02:31.439 --> 00:02:33.699 Bankrate has compiled a list of the eight highest 00:02:33.699 --> 00:02:36.340 -yielding money market accounts as of Friday, 00:02:36.469 --> 00:02:40.090 March 24. With the shift towards safe investments 00:02:40.090 --> 00:02:42.569 that offer better returns, it's looking like 00:02:42.569 --> 00:02:44.990 an ideal time to capitalize on these attractive 00:02:44.990 --> 00:02:49.409 yields. Overall, with Bitcoin predicted to soar 00:02:49.409 --> 00:02:52.550 and money markets offering enticing yields, it's 00:02:52.550 --> 00:02:54.490 a good time to keep an eye on these trends and 00:02:54.490 --> 00:02:56.729 take advantage of the possibilities they offer. 00:03:05.770 --> 00:03:08.069 Hey there, today we're going to talk about the 00:03:08.069 --> 00:03:10.870 potential future of Bitcoin. According to Standard 00:03:10.870 --> 00:03:13.449 Chartered's Jeff Kendrick, Bitcoin has the potential 00:03:13.449 --> 00:03:18.090 to reach USD 100 ,000 by the end of 2024. Kendrick 00:03:18.090 --> 00:03:20.889 believes that the much touted crypto winter is 00:03:20.889 --> 00:03:23.590 finally over. And one of the reasons for the 00:03:23.590 --> 00:03:26.150 bullish outlook is caused by Silicon Valley Bank's 00:03:26.150 --> 00:03:29.729 collapse last month. The turmoil caused by the 00:03:29.729 --> 00:03:31.830 collapse quickly spread worries of a banking 00:03:31.830 --> 00:03:34.669 contagion. which led investors to consider Bitcoin 00:03:34.669 --> 00:03:37.650 as a decentralized, trustless, and scarce digital 00:03:37.650 --> 00:03:41.310 asset. Bitcoin's status as a branded safe haven 00:03:41.310 --> 00:03:43.930 asset, its perceived relative store of value, 00:03:44.250 --> 00:03:46.229 and a means of remittance have also been crucial 00:03:46.229 --> 00:03:49.250 factors in its rise. With key rivals to Bitcoin 00:03:49.250 --> 00:03:51.669 losing ground, Kendrick states in the note that 00:03:51.669 --> 00:03:54.289 Bitcoin's share of the total crypto market cap 00:03:54.289 --> 00:03:59.039 could rise to the 50 % -60 % range up from 45 00:03:59.039 --> 00:04:02.659 % today and from 40 % before the SVB collapse. 00:04:03.259 --> 00:04:05.599 Furthermore, Kendrick also mentioned that Bitcoin's 00:04:05.599 --> 00:04:08.939 recent rebound back above $30 ,000 represented 00:04:08.939 --> 00:04:11.900 a turnaround for crypto miners. The creation 00:04:11.900 --> 00:04:15.139 of ETFs and stablecoin regulation could also 00:04:15.139 --> 00:04:18.220 promote investor access to the market. Lastly, 00:04:18.399 --> 00:04:22.079 the upcoming halving in 2024, regulatory changes 00:04:22.079 --> 00:04:25.139 and a lack of alternatives for safe haven assets. 00:04:25.389 --> 00:04:28.290 adds further upside to the future of Bitcoin. 00:04:28.970 --> 00:04:30.449 Kendrick concludes that while there are still 00:04:30.449 --> 00:04:33.509 sources of uncertainty, the pathway to the USD 00:04:33.509 --> 00:04:46.370 100 ,000 level is becoming clearer. In today's 00:04:46.370 --> 00:04:48.810 episode, we discussed predictions that Bitcoin 00:04:48.810 --> 00:04:52.350 will surge to $100K due to bank turmoil and the 00:04:52.350 --> 00:04:54.790 end of Fed rate hikes. as well as the potential 00:04:54.790 --> 00:04:57.389 impact of the collapse of SVB on the future of 00:04:57.389 --> 00:05:00.029 Bitcoin. Thanks for listening to today's episode. 00:05:00.350 --> 00:05:02.189 I'll see you guys at the next one and don't forget 00:05:02.189 --> 00:05:02.870 to subscribe.