Bitcoin price forecast 2024

[Makus]

Geoff Kendrick, head of Standard Chartered’s crypto research team and emerging markets FX (West), has raised his bitcoin price prediction. Standard Chartered is a banking corporation with global headquarters in London, England. Operating in more than 57 markets worldwide, the bank’s total assets at the end of 1Q 2023 amounted to $821 billion.

Kendrick stated in April that crypto winter had ended, predicting at the time that bitcoin’s price could reach $100K. The Standard Chartered analyst now expects the price of the largest cryptocurrency to reach $50,000 this year and $120,000 by the end of 2024. He believes that the price surge could incentivize bitcoin miners to hoard more of the cryptocurrency’s supply.

“As well as maintaining the Bitcoin ledger, miners play a key role in determining net supply of newly mined BTC. Specifically, based on their profitability, miners decide how much of the new BTC supply reaches the market,

Source by: Kendrick
https://news.bitcoin.com/standard-chartered-raises-bitcoin-price-forecast-now-expects-btc-to-reach-50000-this-year-120000-next-year/

[Mr.suevie]

Geoff Kendrick, head of Standard Chartered’s crypto research team and emerging markets FX (West), has raised his bitcoin price prediction. Standard Chartered is a banking corporation with global headquarters in London, England. Operating in more than 57 markets worldwide, the bank’s total assets at the end of 1Q 2023 amounted to $821 billion.

Kendrick stated in April that crypto winter had ended, predicting at the time that bitcoin’s price could reach $100K. The Standard Chartered analyst now expects the price of the largest cryptocurrency to reach $50,000 this year and $120,000 by the end of 2024. He believes that the price surge could incentivize bitcoin miners to hoard more of the cryptocurrency’s supply.

“As well as maintaining the Bitcoin ledger, miners play a key role in determining net supply of newly mined BTC. Specifically, based on their profitability, miners decide how much of the new BTC supply reaches the market,

Source by: Kendrick
https://news.bitcoin.com/standard-chartered-raises-bitcoin-price-forecast-now-expects-btc-to-reach-50000-this-year-120000-next-year/

Well am not surprise by such predictions or speculation by  major whales of the crypto space any longer, as this type of hype is actually normal looking at the fact that we are currently approaching the halving which has been widely known for it major symbolism of the high rise of the market after it. Every crypto enthusiasm is currently expecting the price of BTC in particular to go high by 2024 but the only problem is that no price speculated can actually be the right price as no one knows for sure how bitcoin volatility really works.

[GeorgeJohn]

Well am not surprise by such predictions or speculation by  major whales of the crypto space any longer, as this type of hype is actually normal looking at the fact that we are currently approaching the halving which has been widely known for it major symbolism of the high rise of the market after it. Every crypto enthusiasm is currently expecting the price of BTC in particular to go high by 2024 but the only problem is that no price speculated can actually be the right price as no one knows for sure how bitcoin volatility really works.

Actually I will believe that bitcoin price this year is fluctuating and we never know if we are going to experience down fall of bitcoin this year for the second time or it will be moving slowly until 2024, because everyone is expecting bitcoin to increase to a point that is been expected immediately we enter next year 2024, but I believe that what determine the acceleration or increment of bitcoin is the deman and supply,  so therefore I believe that bitcoin will definitely experience a bullrun before the end of 2023

[Ndabagi01]

Kendrick stated in April that crypto winter had ended, predicting at the time that bitcoin’s price could reach $100K. The Standard Chartered analyst now expects the price of the largest cryptocurrency to reach $50,000 this year and $120,000 by the end of 2024. He believes that the price surge could incentivize bitcoin miners to hoard more of the cryptocurrency’s supply.

His price predictions are achievable but not assured because of how well he has studied and projected the price in the long future to come from now. These are crypto whales, and they have a significant impact on the future price of bitcoin. His study may have some discrepancies but he is likely to get a result similar to what he has just suggested.

[AmoreJaz]

Kendrick stated in April that crypto winter had ended, predicting at the time that bitcoin’s price could reach $100K. The Standard Chartered analyst now expects the price of the largest cryptocurrency to reach $50,000 this year and $120,000 by the end of 2024. He believes that the price surge could incentivize bitcoin miners to hoard more of the cryptocurrency’s supply.

His price predictions are achievable but not assured because of how well he has studied and projected the price in the long future to come from now. These are crypto whales, and they have a significant impact on the future price of bitcoin. His study may have some discrepancies but he is likely to get a result similar to what he has just suggested.

don't forget the fact that they are humans also and just speculating like most of us. they may have good amount of money at stake on this market, but it doesn't mean, they are always right with their predictions. it is still better to be conservative with your predictions so you won't get rekkt when it comes to spending your hard-earned money.

[sheenshane]

It could be, and a $100k Bitcoin price prediction is nearly possible.

There are a lot of predictions from a big whale or even a common popular celebrity and I only think that they're just trying to gain attention.
That being said, it's difficult to accurately forecast the exact timing or the possibility of a potential bull run.  Even though, given the historical patterns and the ongoing interest in cryptocurrencies, it is plausible to expect that Bitcoin might experience a bull run before the conclusion of the end of 2024 or it could be right after the next halving.

But I appreciate this kind of prediction, to give courage to the small Bitcoin holder.

[Nwada001]

I agree with the fact that we could see nearly 50k this year, but I'm not certain that we can make that whole number. $40-$45k is what I see as an achievable price this year, which is a close range to $50k. But this will all depend on what we are going to face in the remaining 5 months of the year. We could also see some significant negative change in price based on some unforeseen attack that might come to Bitcoin again, as there is always one trouble to the other from either regulators or racists, which might want to cause some panic to the market. But be that as it may, I see $40,000 as an achievable price before the end of the year.

[STT]

They are guessing at this point imo, we have some positives but no defined regular trend I would want to rely out to a time frame a year from now.    I'd guess positively but wouldnt like to say more then that.
   My take for the next year is preparation rather then any real ambitious gain or change from now.  Whatever the market needs to do to prepare and consolidate prior action, thats all good.    A good chef doesnt leave the contents and left overs from yesterdays cooking all over the kitchen before preparing for today, of course we will clear many debris from prior trading first.  Its such a haphazard course its too much to presume pricing has to resolve in the direction or target you'd hope for, we've barely begun that course.

[btc_angela]

It could be, and a $100k Bitcoin price prediction is nearly possible.

That's what majority are predicting as well, a 6 digit figure so it make sense if the Standard Charter person has the same prediction.

There are a lot of predictions from a big whale or even a common popular celebrity and I only think that they're just trying to gain attention.
That being said, it's difficult to accurately forecast the exact timing or the possibility of a potential bull run.  Even though, given the historical patterns and the ongoing interest in cryptocurrencies, it is plausible to expect that Bitcoin might experience a bull run before the conclusion of the end of 2024 or it could be right after the next halving.

But I appreciate this kind of prediction, to give courage to the small Bitcoin holder.

The thing with this prediction thought is that it is coming from the banking sector itself. So it's either they are going to accept bitcoin or just joining the bandwagon for now. But we all know that bitcoin is really going to be massive and that's why everyone is on it, including this big banks across EU or in the US.

But for us average joe, we really don't care with this prediction, because we all know that there will be another all time high in 2024-2025.

[bitterguy28]

Geoff Kendrick, head of Standard Chartered’s crypto research team and emerging markets FX (West), has raised his bitcoin price prediction. Standard Chartered is a banking corporation with global headquarters in London, England. Operating in more than 57 markets worldwide, the bank’s total assets at the end of 1Q 2023 amounted to $821 billion.

Kendrick stated in April that crypto winter had ended, predicting at the time that bitcoin’s price could reach $100K. The Standard Chartered analyst now expects the price of the largest cryptocurrency to reach $50,000 this year and $120,000 by the end of 2024. He believes that the price surge could incentivize bitcoin miners to hoard more of the cryptocurrency’s supply.

“As well as maintaining the Bitcoin ledger, miners play a key role in determining net supply of newly mined BTC. Specifically, based on their profitability, miners decide how much of the new BTC supply reaches the market,

Source by: Kendrick
https://news.bitcoin.com/standard-chartered-raises-bitcoin-price-forecast-now-expects-btc-to-reach-50000-this-year-120000-next-year/

It has been  called for how many times and yes there are so much from other perspective   some also called  for bitcoin to reach even 500k and what can we expect from people believing this because bitcoin is very potential to have that 6 digits value.
but 50k this year seems to be far from happening if we will look into what is moving bitcoin now but there is still a hope since we still have 5 months to fulfil .

[gunhell16]

Geoff Kendrick, head of Standard Chartered’s crypto research team and emerging markets FX (West), has raised his bitcoin price prediction. Standard Chartered is a banking corporation with global headquarters in London, England. Operating in more than 57 markets worldwide, the bank’s total assets at the end of 1Q 2023 amounted to $821 billion.

Kendrick stated in April that crypto winter had ended, predicting at the time that bitcoin’s price could reach $100K. The Standard Chartered analyst now expects the price of the largest cryptocurrency to reach $50,000 this year and $120,000 by the end of 2024. He believes that the price surge could incentivize bitcoin miners to hoard more of the cryptocurrency’s supply.

“As well as maintaining the Bitcoin ledger, miners play a key role in determining net supply of newly mined BTC. Specifically, based on their profitability, miners decide how much of the new BTC supply reaches the market,

Source by: Kendrick
https://news.bitcoin.com/standard-chartered-raises-bitcoin-price-forecast-now-expects-btc-to-reach-50000-this-year-120000-next-year/

It is possible that with this news, the number of Bitcoin holders will increase even more this year, actually. And the holders of Bitcoin may add more to their holdings. I will do everything I can to save it as much as I can.

In this article, I can say that the hype made in the statements here is also good, although he really has a basis to say such predictions regarding the value future of Bitcoin by this year and next year.

[Aanuoluwatofunmi]

I agree with the fact that we could see nearly 50k this year, but I'm not certain that we can make that whole number. $40-$45k is what I see as an achievable price this year

Anything can happen now that we are in the period of market price being unpredictable through because of the fast approaching halving, which could also means that we are likely to get closer to the $68,000 of all time high till the complete day is achieved next year, but before then the market will remain highly volatile and we will be having the experience of both bear and bull till then when a new ATH will emerge.