Bitcoin could hit $100,000 by the end of 2024 - Standard Chartered - Surprised?

[Yaunfitda]

I think everyone is on the same boat as far as bitcoin hitting that 6 digits in the future. We do failed that prediction though in 2021, when everyone thought that $100k will be the big price because some bitcoin price modelling made famous by someone.

Nevertheless, I will say  that it is more doable in the next bull run than the previous. We've seen $69k as our last all time high. So the expectation is that we will surpassed in in 2024-2025 with a conservative estimates of $100k. So it's just a matter of time for us. And we should all be prepared and ready and stack sats already.

[1715169512]

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[1715169512]

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[aioc]

How I wish, but the same article you posted also mentioned

https://www.reuters.com/technology/bitcoin-could-hit-100000-by-end-2024-standard-chartered-says-2023-04-24/

Predictions of sky-high valuations have been commonplace during bitcoin's past rallies. A Citi analyst said in November 2020 that bitcoin could climb as high as $318,000 by the end of 2022. It closed last year down about 65% at $16,500.

I don't want to be in a delusional state to thinking that it will hit 6 digits in just a short period of time, I prefer a modest prediction, not one that thinks that it will skyrocket, although in the back of my mind, I wish it could happen but its better to spread FOMO than to spread FUD.

[el kaka22]

I honestly think that it is a true assessment as well, it looks like that could be true. I am not saying that this will happen, but it is definitely a good possibility as well. There are some guesses and predictions that are unrealistic, like some say it will be a million dollars in 2023 for example, and that is too much, I do not think that it would happen, but this one is not like that.

This one is 2024 and not like start, it says end of 2024 as well, so we have like 19-20 months left for that as well, so that means we could reach 100k, which is only 3x in the next 1.5+ years, and that could happen. There is also halving as well so I think that could potentially happen as well, I do not think that it would be that wrong. Hopefully we will see it do a lot better and could reach even above that, but 100k sounds reasonable.

[dunfida]

We have read many similar predictions by many market analysts and so-called Bitcoin enthusiasts about the bright future of Bitcoin. This is not surprising and this post is not a speculation post. What is surprising is that such kind of optimistic predictions is coming from one of the banking majors. The current banking turmoil has helped Bitcoin to win the trust of the people.

Read here: https://www.reuters.com/technology/bitcoin-could-hit-100000-by-end-2024-standard-chartered-says-2023-04-24/

Not all battles are fought on the battleground. Some are fought silently and patiently and time decides the winner. We are surely on the winning path!

Thoughts?

We are really bound into this path on which even though it might really be happening that too fast but surely we would really be heading there.We've seen on how Bitcoin or crypto space do really able to get that recognition despite of all the negatives that circles around. It is really just whenever we do read up some price prediction and approach and saying off with some dates then its better not to take it seriously.
Instead its better to make decisions on your own and would really be still following your own call and analysis but its really good to see that they are already considering on how this market
do really get that consideration and recognition.

2024 is a considerable date since we are really that on post-halving state on that time, we know that bull run could happen whichever with those months and if we do base up in history then it could
really be that happening on that time too. We should also bare up into our minds that 100k isnt really just the finishing point or roof that we do might able to break and we might
be seeing more higher number but of course dont raise up your hopes that much because not anything in our mind and belief could really happen.

[JoyMarsha]

Regardless of how you look at it, anyone who predicts something that hasn't happened yet is considered to be speculating.
This is still one of the articles I've been reading for a while that predicts that bitcoin will reach $100k soon enough, but it won't happen as predicted.
$100k bitcoin will be possible someday (not this year I think) maybe probably during the bull run. Not certain anyway
The best and only thing we can do is to keep buying Bitcoin in the hopes that it will reach another all-time high by next year.

[lionheart78]

We have read many similar predictions by many market analysts and so-called Bitcoin enthusiasts about the bright future of Bitcoin. This is not surprising and this post is not a speculation post. What is surprising is that such kind of optimistic predictions is coming from one of the banking majors. The current banking turmoil has helped Bitcoin to win the trust of the people.

Read here: https://www.reuters.com/technology/bitcoin-could-hit-100000-by-end-2024-standard-chartered-says-2023-04-24/

Not all battles are fought on the battleground. Some are fought silently and patiently and time decides the winner. We are surely on the winning path!

Thoughts?

It is not surprising to see people who are too optimistic in giving their predictions.  Actually this prediction is somehow reserved, others even stated that Bitcoin will reach $1m in 90 days  others predicts Bitcoin will be in $500k and many more.

I honestly think that it is a true assessment as well, it looks like that could be true. I am not saying that this will happen, but it is definitely a good possibility as well. There are some guesses and predictions that are unrealistic, like some say it will be a million dollars in 2023 for example, and that is too much, I do not think that it would happen, but this one is not like that.

This one is 2024 and not like start, it says end of 2024 as well, so we have like 19-20 months left for that as well, so that means we could reach 100k, which is only 3x in the next 1.5+ years, and that could happen. There is also halving as well so I think that could potentially happen as well, I do not think that it would be that wrong. Hopefully we will see it do a lot better and could reach even above that, but 100k sounds reasonable.

I agree since the prediction is stated in an event where the market is possibly already in a bull run.  the halving event is done, the Bitcoin block reward is halved, and the market trend is possibly on its way to breaking the ATH so I also think that the prediction have some weight on it.  Still, it is considered speculation because there is still no solid ground for that price to happen. 

[wxa7115]

Regardless of how you look at it, anyone who predicts something that hasn't happened yet is considered to be speculating.
This is still one of the articles I've been reading for a while that predicts that bitcoin will reach $100k soon enough, but it won't happen as predicted.
$100k bitcoin will be possible someday (not this year I think) maybe probably during the bull run. Not certain anyway
The best and only thing we can do is to keep buying Bitcoin in the hopes that it will reach another all-time high by next year.

We know that 100k is almost a certainty as there is no way bitcoin cannot reach that price when so much money was printed out of thin air and the economy is probably not going to do well during the next years.

However the question is when this could happen? And while there are an enormous amount of theories about when this could take place, such information is only important if you are a trader trying to obtain fast profits, if you are an investor it does not really matter exactly when that happens, the only thing that matters is that you have a lot of bitcoin once it does.

[Minecache]

...

Thoughts?

If someone asks about my prediction, I'm thinking Q2 2025, not the end of 2024, we'll have a bull run, and bitcoin hit a new ATH. Based on what has happened in the past, the bull season will come a year after the halving rather than at the same time or within a few months of the halving. While the halving is still more than a year away, in my opinion, it is very difficult to achieve a new ATH by the end of 2024. I still believe in history repeating itself until there is new history.

[doomloop]

I found it amazing that major banking is also hyping Bitcoin and seeing that prediction makes me feel like I'm doing the right decision to obtain more and more of BTC. I hope that everyone would be able to go along and see the real value of BTC and increase the chances of reaching it earlier.

I'm curious as to "What changed?" or Why do the major banks predict this kind of thing?

Nothing. Nothing changed. People from certain banks or any financial service (or just people with some influence in general) just likes to flip flop their opinions on Bitcoin/crypto depending on their agenda or just because they want their names to appear on news sites.

I thought of the same thing as well, Bitcoin has largely become the center of attraction for the globe, and a very large amount of people only get themselves involved and interested to gain the attention of the general public or to gain likes and interests of the people who like and use Bitcoin, it's just like a marketing technique.

A wise person would know that they can get free publicity if they make a controversial statement about Bitcoin, whether positive or negative, and one can easily use this thing only to benefit from the hype.

[justdimin]

...

Thoughts?

If someone asks about my prediction, I'm thinking Q2 2025, not the end of 2024, we'll have a bull run, and bitcoin hit a new ATH. Based on what has happened in the past, the bull season will come a year after the halving rather than at the same time or within a few months of the halving. While the halving is still more than a year away, in my opinion, it is very difficult to achieve a new ATH by the end of 2024. I still believe in history repeating itself until there is new history.

I agree, I would say somewhere around q4 of 2025 is not unlikely neither, the only reason is that q3 is usually not a great period for increases, we haven't had any ATH during q3 mostly, it is either q2 or q4 that we have it.

So, I think it will be either q2 of 2025 or if it fails to reach those levels by that time, then it could be q4 of it as well. Remember that in 2021 we didn't had 69k levels up until q4, it was in q2 where we had 64k and that was a great moment but that was just an ordinary situation, then it ended up being a lot lower, under 30k yet again, and then it went to 69k levels in q4 as well. So maybe the similar thing will happen and maybe we will not see something much different in most cases so 2024 may not be enough at all.

[passwordnow]

Isn't it that it adds some flames when it's the institutions that are selling something positive? Have you guys remembered when we're on the bullish days and then everyone is also bullish which it turns out that we're at the near end of the bull run during those days?
I don't know, I'm not just confident with these institutions keeps on giving that high predictions although I like it to be optimistic as I can be but whenever they're too bullish like it's unlikely at the current form of bitcoin, that gives me that scary thought.

[Merit.s]

It is possible that bitcoin will hit $100k by next year ending which will be after the halving. This year has been a good year for bitcoin and that is why you see that Chartered Bank has accepted the truth about bitcoin being a volatile asset with great opportunity to pump higher after the halving. The next bull run price at ATH will be a surprise to investors because they will be shocked with the amount it will hit. From my own speculation due to the recent turmoil in the banking system, more banks might still crash and investors will be left with no option than to invest in bitcoin. All these will skyrocket the price to $200k. The truth about bitcoin cannot be hidden anymore.

[Minecache]

...

Thoughts?

If someone asks about my prediction, I'm thinking Q2 2025, not the end of 2024, we'll have a bull run, and bitcoin hit a new ATH. Based on what has happened in the past, the bull season will come a year after the halving rather than at the same time or within a few months of the halving. While the halving is still more than a year away, in my opinion, it is very difficult to achieve a new ATH by the end of 2024. I still believe in history repeating itself until there is new history.

I agree, I would say somewhere around q4 of 2025 is not unlikely neither, the only reason is that q3 is usually not a great period for increases, we haven't had any ATH during q3 mostly, it is either q2 or q4 that we have it.

So, I think it will be either q2 of 2025 or if it fails to reach those levels by that time, then it could be q4 of it as well. Remember that in 2021 we didn't had 69k levels up until q4, it was in q2 where we had 64k and that was a great moment but that was just an ordinary situation, then it ended up being a lot lower, under 30k yet again, and then it went to 69k levels in q4 as well. So maybe the similar thing will happen and maybe we will not see something much different in most cases so 2024 may not be enough at all.

If I remember correctly, the ATH during the 2017 bull season also falls in October-November, so I will agree with your thoughts.

Although there is no certainty about this, my prediction is that 2025 will also be when the world economy enters a new phase of growth after the crisis period and also the best time for the market's explosive growth. I don't know what people think, but with the 4-year market cycle and the world economy entering a new phase, the next bull season will be the strongest one we have, IMO.

[coin-investor]

It is possible that bitcoin will hit $100k by next year ending which will be after the halving. This year has been a good year for bitcoin and that is why you see that Chartered Bank has accepted the truth about bitcoin being a volatile asset with great opportunity to pump higher after the halving. The next bull run price at ATH will be a surprise to investors because they will be shocked with the amount it will hit. From my own speculation due to the recent turmoil in the banking system, more banks might still crash and investors will be left with no option than to invest in bitcoin. All these will skyrocket the price to $200k. The truth about bitcoin cannot be hidden anymore.

The prediction is realistic compared to the late McAfee's prediction, $100k is possible because 2024 is the year of the halving but I doubt it will hit that exact price if there are no more FUDS coming and adoption continues, we'll see 6 digits mark for Bitcoin, the only thing that keeps the price to move forward from the price we all been wanting is the too may hacking, scamming and FUD.
The market is highly volatile bad news and FUD will create a turnaround, so far Bitcoin is doing good, but I don't rule out the possibility of the government's continuous crackdown, there is news that they are eyeing Binance and this is bad if ever Authorities put Binance in a bad situation, the market and the community will suffer again.

[justdimin]

I think everyone is on the same boat as far as bitcoin hitting that 6 digits in the future. We do failed that prediction though in 2021, when everyone thought that $100k will be the big price because some bitcoin price modelling made famous by someone.

Nevertheless, I will say  that it is more doable in the next bull run than the previous. We've seen $69k as our last all time high. So the expectation is that we will surpassed in in 2024-2025 with a conservative estimates of $100k. So it's just a matter of time for us. And we should all be prepared and ready and stack sats already.

I agree, last time around the bottom was at around under 4k levels, that is what we had in march 2020 if I am not wrong, and by the time it was April 2021 we had 64k, which is a proof that we have gone so much more than people assume, it was a great bull run for a whole year.

If we have a year like that then we are going to end up with much more than 100k, we failed last time because we had to come from 4k levels all the way there, but this time around we could end up with a much bigger increase over course of a period, it will make us profit like crazy. If we consider that 16k as our bottom, then we can say that it is going to be 100k+ easily, even if we have less increase than the 2021 one, it would still reach that 100k level and should be doing fine for sure.

[OgNasty]

I don't think that we will hit $100K by the end of the year, but if we do I will likely be a seller.  I suspect we will see a steady increase (except the daily trading nonsense) as we head into the halving with a correction afterwards before loading up for the next run to a bubble top...  This means if we do see a crazy new ATH BEFORE the next halving in April of 2024, I will likely be a seller.  This is because I believe a new ATH should come after a correction happens after the halving (halfining).  I don't usually say to trade BTC, but if there were a time to trade it, it would be selling the top just before the halfining and then buy back the bottom once the sellers take profits.  This is the only acceptable trade to make over the next 2 years in my opinion. 

[darkangel11]

I don't think that we will hit $100K by the end of the year, but if we do I will likely be a seller.  

They are talking about the end of 2024, not this year. I feel like 100k in 2023 is out of the equation.

I suspect we will see a steady increase (except the daily trading nonsense) as we head into the halving with a correction afterwards before loading up for the next run to a bubble top...  This means if we do see a crazy new ATH BEFORE the next halving in April of 2024, I will likely be a seller.  

I will be a seller at 100k, no matter when we achieve it. I'm not planning to dump my bitcoins, but not exchanging at least 10% would feel like a waste a this crucial level.
For legacy users who were there before we hit 1k USD, achieving 100k is an end game. I don't want more fiat, but I'm planning to buy a few things and have some fun to celebrate 100k.

[Falconer]

It is possible that bitcoin will hit $100k by next year ending which will be after the halving. This year has been a good year for bitcoin and that is why you see that Chartered Bank has accepted the truth about bitcoin being a volatile asset with great opportunity to pump higher after the halving. The next bull run price at ATH will be a surprise to investors because they will be shocked with the amount it will hit. From my own speculation due to the recent turmoil in the banking system, more banks might still crash and investors will be left with no option than to invest in bitcoin. All these will skyrocket the price to $200k. The truth about bitcoin cannot be hidden anymore.

I don't expect $100k to be hit easily this year even though bitcoin is likely very well backed by good fundamentals. A bigger bullish factor can hopefully help bitcoin to be very bullish so we can be hopeful about a new ATH, above $70k at least.

Of course we really hope that a lot of positive things can happen before the halving and after, so it's true that patience will be expected to pay off well in the future. I think we should just be prepared to buy more as long as bitcoin is under $30k, to me this is a good opportunity to accumulate it instead of just hoping bitcoin will hit new ATH this year.

[STT]

They keyword here is: could

bitcoin could hit $100,000
bitcoin could hit $10,000
bitcoin could hit $1,000,000
bitcoin could hit $100

Of all those prices I'd argue 100 and 10k in 2024 are the least likely.  If BTC falls that much we either have hard currency ~ high interest rates circa 1981 Volcker FED or the blockchain failed in some way and so the price is likely to be non existent or tradable by that point.    1 mil seems unlikely and improbable and some would think impossible but the reason why you should have a definite bias to the upside is not crypto based reasoning but knowledge of dollars and the amount of debt payable.  This debt is only serviceable with a depreciating currency, if we do have a hard currency or deflationary environment the central banks would have considered themselves to have failed ie. a 1930's depression reoccurrence .
   Of course there is no absolute certainty but we do know for certain a large amount of debt with higher interest cost such as the US national treasury debt will require a greater amount payable then the entire tax revenue; you would have a superpower weaker then Greece so then that is not happening .   Its not essentially about BTC but more about what happened to most major currencies as they became long term weak, YEN might even cease to exist this is the background for your BTC predictions hence I do rule out $100.

[BitDane]

They keyword here is: could

bitcoin could hit $100,000
bitcoin could hit $10,000
bitcoin could hit $1,000,000
bitcoin could hit $100

Could just means that there's a (albeit non-zero) possibility — not necessarily that it will happen.

All these statement here are "possibility statement" which are not "True" and even if is true how certain are they by saying " ". Hence is a "biconditional statement" where the predictor or speculator are not yet fully convinced it will happen how they said but are still having thought or thinking it could be but not sure (false), it can only be true with the two results are said to be "T" (outcome).

What would we expect, it is a prediction and prediction is always a biconditional since it may or may not happen.  It isn't that they are not convinced (since them stating it is a sign that they believe that the possibility of the statrment to happen is high) but it is ( the use of "could" in the statement) a safe statement to say especially when declaring it on public.  It gives them an escape route if ever the prediction do not happen.

As an investors I think they are only trying to be optimistic about the future of bitcoin.

True, they (investors) need to be optimistic or their hope will start to deteriorate.