$150K: Standard Chartered Bank Raises Bitcoin Price Forecast for 2024

$150K: Standard Chartered Bank Raises Bitcoin Price Forecast for 2024
фото показано с : bitcoinmagazine.com

2024-3-19 16:13

Global banking giant Standard Chartered has upped its bitcoin price prediction for the end of 2024 to $150,000, a significant increase from its previous forecast of $100,000.

In a new report, Standard Chartered analysts cited strong inflows into recently launched spot bitcoin ETFs in the U.S. as a primary driver of their bullish outlook. The bank believes these "sticky" institutional flows will continue propelling Bitcoin's price.

Standard Chartered has emerged as one of the more Bitcoin-friendly legacy banks, with an active research team covering Bitcoin. Previously, the bank's analysts had predicted Bitcoin would reach $100,000 by the end of 2024.

But with Bitcoin's strong performance in early 2024, the team is now forecasting that it will hit $150,000 within the next nine months.

Standard Chartered Bank analysts led by Geoffrey Kendrick wrote: "For 2024, given the sharper-than-expected price gains year-to-date, we now see potential for the price to reach the $150,000 level by year-end, up from our previous estimate of $100,000."

They expect the rally to continue into 2025, with Bitcoin potentially trading as high as $250,000 next year before settling around $200,000.

The updated price prediction comes as spot bitcoin ETFs got approved in the US earlier this year. Standard Chartered believes these regulated investment vehicles are bringing significant institutional demand.

Combined with Bitcoin's fixed supply and other positive fundamentals, the bank sees room for substantial additional upside. Based on increasing mainstream adoption, Standard Chartered expects new highs.

Their bold call illustrates a growing willingness among major financial institutions to make ambitious bitcoin price forecasts. If achieved, a climb to $150,000 would mark a 120% gain from current levels near $68,000. For Standard Chartered, bitcoin's status as "digital gold" continues to strengthen.

origin »

Bitcoin price in Telegram @btc_price_every_hour

ETH/LINK Price Action Candlestick Set (LINKETHPA) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: -2.75 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 467.1 (-100%)

price standard bitcoin forecast chartered increase year-end

price standard → Результатов: 126


Bitcoin Standard Hashrate Token Price Prediction 2022 – 2025 – 2030 | BTCST Price Forecast

In this guide, we will voice our own and market’s opinion on BTCST future while discussing Bitcoin Standard Hashrate Token price forecast for 2022 and beyond. Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the […] The post Bitcoin Standard Hashrate Token Price Prediction 2022 – 2025 – 2030 | BTCST Price Forecast appeared first on CaptainAltcoin.

2022-5-22 00:51


Standard Tokenization Protocol Price Analysis: Positive Changes

STPT/USD has a bullish short-term and medium-term trading outlook The four-hour time frame shows that a bullish reversal pattern has formed The daily time frame shows that a bullish double-bottom pattern has formed   Standard Tokenization Protocol is starting to show positive technical signs on both the lower and higher time frames, with the cryptocurrency […] The post Standard Tokenization Protocol Price Analysis: Positive Changes appeared first on Crypto Briefing.

2019-12-9 17:05


Bitcoin [BTC]: #DropGold campaign gets called out for being ‘Bitcoin cartel’

The Bitcoin [BTC] ecosystem has seen a resurgence of sorts recently, with multiple price fluctuations in the cryptocurrency field being spearheaded by the world’s largest cryptocurrency. Several movements and campaigns were launched to spread the message that Bitcoin is a thing of the future, along with its benefits over the standard ‘store of value,’ Gold.

2019-6-11 11:00


Фото:

Op Ed: With Bitcoin, Anarchy Is the Point, Not the Problem

Last week, there was a panel at SXSW that was effectively a debate on the merits of permissioned blockchains versus permissionless systems like Bitcoin. I listened to the entire audio of the panel discussion, after Programming Bitcoin author Jimmy Song tweeted it out the other day, and I thought he did an awesome job of pointing out the key value proposition of Bitcoin and why it is not worth comparing to permissioned systems.

2019-3-23 17:29


USDDex Company: Safe to Use ERC20 StableCoin Pegged to the US Dollar?

What Is USDDex? USDDex is a New Stablecoin based on Ethereum ERC-20 standard. It provides users with decentralization, security, stability, and reliability in the volatile cryptocurrency market. The stable coin is pegged to the US dollar, thus providing traders with the opportunity to change their money into cryptocurrency without the risk of price fluctuations, as is […]

2019-3-21 11:42


Saiterm ICO

Our goal is to finance the development of the production and marketing of a physical, totally innovative product for high efficiency heating of environments, remaining independent and autonomous, financing via the blockchain, the creation of production and commercial facilities necessary for the production and distribution of the most efficient heating system in the world, a system already designed, patented, implemented and tested.

2019-1-30 17:36