The cryptocurrency is expected to benefit from supply dynamics The world’s leading cryptocurrency, Bitcoin, could surge to a new record high next year, a top analyst at Standard Chartered predicted this week in a note seen by Reuters. According to Geoff Kendrick, the cryptocurrency could climb to $50,000 this year and potentially even further as the jump in price would encourage Bitcoin miners to hoard a larger portion of supply. This would create a supply and demand imbalance, fueling a further rise. “Increased miner profitability per BTC mined means they can sell less while maintaining cash inflows, reducing net
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