Another Call for Bitcoin @ $100K by 2024

Although Bitcoin is at $27472 this morning and the outlets are pushing their usual doom-and-gloom with this opportunity, there are some with bright outlooks – and rightfully so as Bitcoin is primed and ready to go, especially in our world’s current climate

Bitcoin could hit $100,000 by end-2024, Standard Chartered says

“LONDON, April 24 (Reuters) – Top cryptocurrency bitcoin could reach $100,000 by the end of 2024, Standard Chartered (STAN.L) said on Monday, saying that the so-called ‘crypto winter” ‘s over.

Bitcoin could gain from factors including recent turmoil in the banking sector, a stabilisation of risk assets as the U.S. Federal Reserve ends its rate-hiking cycle and improved profitability of crypto mining, Standard Chartered’s head of digital assets research Geoff Kendrick said in a note.

‘While sources of uncertainty remain, we think the pathway to the USD 100,000 level is becoming clearer,’ Kendrick wrote.

Bitcoin has rallied so far this year, rising above $30,000 in April for the first time in ten months. It gains represent a partial recovery after trillions of dollars were wiped from the crypto sector in 2022, as central banks hiked interest rates and a string of crypto firms imploded.”



Master Asked on April 24, 2023 in Bitcoin.
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