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Ji Zhi 'an

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Station bird member No.3Year

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xsmb qu?ng nam Standard Chartered analyst expects bitcoin to hit 0,000 in 2024.Geoff Kendrick explained his bitcoin price prediction in a research note.Bitcoin is currently down over 10% versus its high earlier this month.Bitcoin has lost more than 10% in recent days but that, as per a Standard Chartered analyst, may just be an opportunity to buy.Bitcoin could more than triple from hereGeoff Kendrick remains convinced that the worlds largest cryptocurrency will more than triple to 0,000 in 2024.His bitcoin price prediction is based primarily on the recent bank failures. In a research note, the analyst said today:Current stress in traditional banking sector is highly conducive to BTC outperformance and validates the original premise for Bitcoin as a decentralised, trustless, and scarce digital asset.The explosive rally in bitcoin following the collapse of Silicon Valley Bank on March 10th does seem to support his thesis. On top of that, the total supply of BTC is scheduled to halve next year thats traditionally delivered a boost to its price.Other reasons for his bitcoin price predictionKendrick expects bitcoin to significantly outperform also because the U.S. Federal Reserve now seems likely to slam the breaks on lifting rates.Another positive catalyst he cited are the bitcoin miners. The recent surge in BTC, the analyst noted, has served to improve their profitability thereby making them less likely to sell many coins.Given these advantages, we think bitcoins share of total digital assets market cap could move into the 50% to 60% range in the next few months (from around 45% currently).His 0,000 bitcoin price prediction is in line with what a Gemini executive also forecast last month.

Enterprise product

    xsmb qu?ng nam Some 142 Chinese companies are among the worlds 500 largest companies, according to the 2023 Fortune Global 500 list released on August 1. Chinese automaker BYD jumped from 436th last year to 212th this year with a total revenue of ,041 million in its previous fiscal year, according to the list. E-commerce giant JD dropped from 46th last year to 52nd this year with a total revenue of 5,433 million. Alibaba also saw a decline in ranking from 55th last year to 68th this year. Huaweis ranking dropped 15 places to 111th, Tencent dropped from 121st to 147th, Lenovo dropped 46 places to 217th, and Xiaomi fell 94 places to 360th. Major appliance manufacturer Gree, which was the 487th largest company in 2022, dropped out of the list altogether. Notably, food delivery giant Meituan entered the list for the first time at the 467th spot with a total revenue of ,699 million. Additionally, Shenzhen-based electric equipment manufacturer Luxshare and battery maker CATL also made their debuts on the list, ranking at 479th and 292nd respectively. [Fortune]

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