Claiming that the crypto winter is over, Standard Chartered stated that the price of Bitcoin (BTC) will reach $ 100 thousand by the end of 2024.
The recent trend of the crypto money market has excited crypto investors who are approaching with a bull appetite. The strong rise that Bitcoin has experienced since the beginning of the year brings positive views for the future.
Bitcoin Price Predicted to Reach $100,000
Geoff Kendrick, head of digital asset research at Standard Chartered, stated that the price of Bitcoin (BTC) will move to $ 100,000.
Kendrick, who prepared a note on crypto, stated that the US interest and inflation equation will end and risky assets will find voracious buyers. Kendrick thinks that Bitcoin will experience an uptrend amid this inflation process and uncertainties.
Referring to the increasing momentum of crypto mining, Kendrick said that the BTC price will reach $ 100,000 by the end of 2024.
Late last year, rumors that Bitcoin could go below $10k were on the agenda. The rise of Bitcoin and the accompanying crypto money market are now revealing the talk that there will be a new bull run.
In 2024, the Bitcoin halving will occur. With this halving, BTC mining rewards will double down. After the past halvings, it was seen that Bitcoin had a bull run.
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