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Crypto investorsCNBC
•Business
Business & Economics
72% Informative
Bitcoin earlier this week sank to a three-month low below $ 90,000 amid declines in global equity markets.
Geoffrey Kendrick , head of digital assets research at Standard Chartered , believes bitcoin will hit the $ 200,000 mark this year before climbing even further to $ 500,000 in the coming years .
"As the industry becomes more institutionalized, it should be safer," Kendrick told CNBC .
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