Bitcoin expected to reach $120,000 by the end of 2024, per StandardChartered. $BTC
may succeed in reaching the $50,000 level. As for higher peaks, the bank’s analysts expect BTC to hit as much as $120,000 by the end of next year – 2024.
The bank believes, according to the article, that a potential rise in BTC price may drive Bitcoin miners to begin stocking up more of the coins they mint. BITCOIN EXPECTED TO RISE TO AROUND $50,000 BY END OF YEAR AND COULD REACH $120,000 BY END OF 2024 - STANDARD CHARTEREDIn April this year, the bank released a BTC forecast for next year, where it claimed that another “crypto winter” was over.
Overall, since the start of the year, Bitcoin has grown by 83%, dwarfing the growth of the Nasdaq Composite index. As the Standard Chartered forecast came out, the number of new Bitcoin wallets is on the rise once again, according to the crypto analyst Ali Martinez. He added that a stable rise in the number of new wallets may trigger BTC price spikes.
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