Standard Chartered: Bitcoin Will Reach $100,000 By End of 2024
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Standard Chartered analysts have predicted the price of Bitcoin could reach $100,000 by the end of 2024.

As reported by Reuters, the analysts have declared the end of the cryptocurrency winter. In their view, Bitcoin will benefit from turmoil in the banking sector and other factors.

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Geoff Kendrick, head of digital asset research at Standard Chartered, has attributed the end of the US rate hike cycle and rising mining yields to the latter.

According to the paper:

"While sources of uncertainty remain, we think the pathway to the USD 100,000 level is becoming clearer."

Earlier this month, successful Rich Dad Poor Dad author and entrepreneur Robert Kiyosaki said Bitcoin could reach $100,000.

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