Standard Chartered Releases New Bitcoin Forecast: BTC to $120k in 2024
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Standard Chartered today announced its expectation of Bitcoin’s price for 2024, stating that it expects the world’s largest cryptocurrency to grow strongly.
According to the British multinational bank, Bitcoin could climb as high as $120,000 per coin by the end of next year.
BREAKING 🚨 #BITCOIN $800 billion Standard Chartered Bank now forecasting $120,000 #Bitcoin price by 2024 pic.twitter.com/qjb3DuVbBv — BITCOINLFG® (@bitcoinlfgo) July 10, 2023
Standard Chartered raise initial prediction
Standard Chartered’s previous BTC price prediction came out earlier this year, in April when the bank assessed that the crypto winter was over.
At the time, the company said that it expects BTC to hit $100,000 by the end of 2024. However, Geoff Kendrick, one of its top forex analysts, said that there was now a 20% upside to the previous call.
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