Standard Chartered Bitcoin Price Prediction: BTC to $100,000 by the end of 2024

In a surprising turn of events, Bitcoin is expected to experience a substantial surge, with experts predicting it could reach $100,000 by the end of 2024. Standard Chartered, among other sources, has made this bullish forecast, highlighting the reasons behind this projection. Key points to note include Standard Chartered’s prediction, Matrixport’s forecast of Bitcoin reaching $63,140 by April 2024 and $125,000 by the end of the following year, Bitcoin’s growing dominance in the digital asset market, and the anticipation of a U.S. Bitcoin ETF approval and the upcoming Bitcoin halving driving the cryptocurrency market. Various analysts view the settlement of the FTX case and Binance’s agreement with the U.S. Department of Justice as resolving major issues that had been concerning the market. Standard Chartered, a leading multinational bank, reaffirmed its optimistic Bitcoin price projections in a research report released on November 28th. The bank’s head of crypto research attributes this positive outlook to factors such as Bitcoin’s increasing dominance, miners reducing sales, and the anticipation of U.S. spot Bitcoin ETFs. Another notable forecast comes from Matrixport, which suggests Bitcoin could climb to $63,140 by April 2024 and $125,000 by the end of the following year. The potential approval of U.S. spot Bitcoin ETFs and the upcoming Bitcoin halving event are expected to be significant catalysts for Bitcoin’s rise. Industry executives and experts have expressed optimism for Bitcoin’s future, citing the resolution of recent industry issues and the focus on technological development and mainstream adoption. Bitcoin’s current market performance shows a significant rally, with its price surpassing $38,200 and its dominance in the digital asset market increasing to about 50%.



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