A $100,000 Bitcoin by the end of 2024? Standard Chartered believes in it


According to Standard Chartered Bank, the price of Bitcoin should still reach 100k dollars by the end of 2024.

Standard Chartered confirms its Bitcoin price prediction

Standard Chartered Bank Announces Potential ETF Approvals “earlier than expected” would come confirm their predictions issued earlier in the year.

“We believe that a number of ETFs in Q1 2024 will now be approved for BTC and ETH, paving the way for institutional investment. » they declare.

It is worth remembering that they issued their price prediction last April. This prediction from the London institution (to more than 820 billion dollars of assets under management) therefore saw Bitcoin to 100K dollars, by the end of 2024. Additionally, they had also announced a Bitcoin at 50K, starting this year.

In view of the meteoric rise in the price of Bitcoin above 38,000 at the end of the year, their prediction remains unimaginable

120K in 2024 for Bitcoin is possible?

“Simply put, everything works as expected. BTC’s dominance remains intact: its share of the overall digital asset market capitalization increased to 50% from 45% in April. ” adds Geoff Kendrick.

Standard Chartered analyst Geoff Kendrick recently spoke out to confirm these predictions. According to him, an ETF approved earlier than expected could even propel Bitcoin above 120K before the end of 2024.

This would therefore represent a potential gain of more than 300% in the space of a year. This positive prediction of the crypto market price by one of the largest financial institutions is clearly a positive sign.

Especially since Standard Chartered is increasingly showing its interest in technology. Indeed, last month, their crypto custody tool, named Zodia Custody, was announced for imminent launch in Hong Kong, in China. It was launched earlier this year in Japan and Australia.

“Through our bank-backed heritage (Standard Chartered), we have a unique understanding of the needs of institutional investors and how to collaborate with the wider ecosystem to develop greater options and opportunities that work with, and not against, compliance and governance. We are here to accelerate the adoption of digital assets. “ said Zodia Custody CEO Julian Sawyer.

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