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Bitcoin Price Predictions Soar: Standard Chartered Forecasts $120K and $50K Targets

1 min read
Source: Yahoo Finance
TL;DR Summary

Standard Chartered has revised its bitcoin forecast, predicting that the cryptocurrency could reach $50,000 this year and $120,000 by the end of 2024. The bank believes that the increase in bitcoin's price could incentivize miners to hoard more of the supply, reducing net BTC supply and pushing prices higher.

Topics:business#bitcoin#cryptocurrency#finance#forecast#miners#standard-chartered
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  1. Standard Chartered bumps up bitcoin forecast to $120,000  Yahoo Finance
  2. Bitcoin supply shock will send BTC price to $120K — Standard Chartered  Cointelegraph
  3. Pain for home prices, commercial real estate; $50,000 bitcoin: outlook  Markets Insider
  4. $800 billion Standard Chartered bank predicts Bitcoin to hit $50,000 by end of 2023  Finbold - Finance in Bold
  5. The Big Halving: Bitcoin Miners Prepare for Token Rewards Reduction  Cryptonews

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