Standard Chartered: Bitcoin Will Reach $100,000 by 2024
Main page Opinion, Bitcoin

According to Standard Chartered Bank analysts, Bitcoin will reach $100,000 by the end of 2024, CoinDesk has reported.

The company's head of crypto research, Geoff Kendrick, has said that the main catalyst for price growth will be the approval of several Bitcoin ETFs in the US.

He has said:

"We think a number of spot ETFs will now be approved in Q1-2024 for both BTC and ETH, paving the way for institutional investment."

The bank's experts have also reminded the upcoming Bitcoin halving will be another catalyst for growth.

Standard Chartered predicted back in April that Bitcoin would reach $100,000, marking the end of the cryptocurrency winter.

The bank has concluded:

"Put simply, everything is working as expected," said the bank in its reiteration today. "BTC’s dominance remains intact – its share of overall digital assets market cap has increased to 50% from 45% in April."

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