The price of a Bitcoin could cost millions of dollars: Standard Chartered

[Assiduous]

The price of digital currency Bitcoin has started to rise again. In this reality, multinational bank Standard Chartered thinks that the price of Bitcoin may rise to 50 thousand dollars this year. Even in the latter half of 2024, the price of this currency can reach 120000 dollars. According to the news agency Reuters, investors may be more attracted to it as the price of Bitcoin is increasing recently. Earlier in April, Standard Chartered said, at the end of 2024, the price of Bitcoin, a virtual currency, could rise to 100,000 dollars. Then they said that the 'winter' of cryptocurrency is about to end. But now the bank's foreign exchange analyst Jeff Kendrick said that the price of Bitcoin may increase by 20 percent to 120,000 dollars.

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[_act_]

All I know is that bitcoin is rising above $100000 before the end of 2024, it is good to buy it now. This is not about what people are predicting, it is because of what that has been analyzed and predicted technically and the sentiment people have for bitcoin halving. We are moving closer to bull run. But we should not be deceived as if from now to 2024, there wouldn't be any bear market, but the bull run will surpass the bear market.

[AicecreaME]

Well, it could.

But since we're talking about cryptocurrency, we never know what is waiting for us in 2024 and to the next coming years. No one can predict the next all time high price for Bitcoin but for sure, it will skyrocketed again and again until it can't anymore. The only thing that we could do is to save bitcoin as much as we can and wait for every all time high to sell it to make huge profits.

Also, never ever do panic selling just because  of FUDs.

[Hamza2424]

All I know is that bitcoin is rising above $100000 before the end of 2024, it is good to buy it now. This is not about what people are predicting, it is because of what that has been analyzed and predicted technically and the sentiment people have for bitcoin halving. We are moving closer to bull run. But we should not be deceived as if from now to 2024, there wouldn't be any bear market, but the bull run will surpass the bear market.

Hmm, You seem to be more confident, well I am in your support of the view but I am not confident about the price range before 2024, and interestingly I was reading this before your post, shared by a friend



So "Capo is a crypto analyst and he made some weird prediction a long time back at the start of the year and he is getting continuously trolled by the Bitcoiners on every pump". Recently I heard this story and I think we should not mess up with the feelings of Bitcoiners   otherwise, the results are in front of you. Social media will troll you brutally.

[Ayers]

All I know is that bitcoin is rising above $100000 before the end of 2024, it is good to buy it now. This is not about what people are predicting, it is because of what that has been analyzed and predicted technically and the sentiment people have for bitcoin halving. We are moving closer to bull run. But we should not be deceived as if from now to 2024, there wouldn't be any bear market, but the bull run will surpass the bear market.

You know? How do you know for sure bitcoin will hit $100k before the end of 2024? We all expect the 2024 halving to produce a bull run as history has shown, but that doesn't mean it will immediately trigger a bull season and bitcoin will hit its ATH within that year. Everything is just conjecture, we have no proof to be sure of anything. I'm optimistic about the future of bitcoin, bitcoin will hit $100k is something I'm pretty sure too, but I won't jump to conclusions like you.

[KiaKia]

All I know is before 2021/bull market some people have been calling 1milliion doallrs Bitcoin at the time, you just have to choose, are you a Bitcoin realist or a Bitcoin investor who get controlled by predictions? Choose a side.

Are you going to stay realistic or you are going to keep dreaming about something that's not possible for the next 10 years? I said this because it's the fact, we haven't found a base on 100k BTC and we have 200k, 300k but some are calling a million, bravo, well done.

I don't think Bitcoin will go over 120k in 2024 or whenever the next bull market comes, you will fail yourself if your target is too high.

[boyptc]

The price of digital currency Bitcoin has started to rise again. In this reality, multinational bank Standard Chartered thinks that the price of Bitcoin may rise to 50 thousand dollars this year. Even in the latter half of 2024, the price of this currency can reach 1 lakh 20 dollars. According to the news agency Reuters, investors may be more attracted to it as the price of Bitcoin is increasing recently. Earlier in April, Standard Chartered said, at the end of 2024, the price of Bitcoin, a virtual currency, could rise to 100,000 dollars. Then they said that the 'winter' of cryptocurrency is about to end. But now the bank's foreign exchange analyst Jeff Kendrick said that the price of Bitcoin may increase by 20 percent to 120,000 dollars.

It's not something new whenever the price of Bitcoin is going up, the crowd goes back on it and deals with the craze that they've been with before.

And it's not surprising as well that these institutions are giving high numbers although it's truly possible but, they're all telling it with a good timing.

It's like that we're about to see the bull run, and they know that people are all ears again to Bitcoin. Thus, they're giving good predictions and numbers but whenever we enter the bearish time, you'll not hear anything from them.

[Yamane_Keto]

The beginning of the positive news is confirmation of the end of the worst, but it is not proof that the best is coming, meaning that this news confirms that the bottom may be, that we will not return to levels less than 20,000 and that the break-even point and stability is at 30,000 as traders and speculators tend to believe that the price of Bitcoin will increase and thus Sale decreases.

[rat03gopoh]

Are you going to stay realistic or you are going to keep dreaming about something that's not possible for the next 10 years? I said this because it's the fact, we haven't found a base on 100k BTC and we have 200k, 300k but some are calling a million, bravo, well done.

I only have the halving cycle base.
The months before the 2021 bullrun I didn't find a single support base prediction that bitcoin would reach almost $70k, while the economic situation was so sluggish that I'm sure no realist would've guessed that bitcoin would even reach $20k again.

[Aanuoluwatofunmi]

All I know is that bitcoin is rising above $100000 before the end of 2024, it is good to buy it now.

That's true without a doubt, next year is going to mark a another major phase of bitcoin push to a new all time high and some have already predicted $150,000 or close to, now we don't need the institutions to give us this notification because we already know and have plans towards that coming next year, i want to assume they will also take a good advantage of this major event to invest now and hodl before the bullrun.

This is not about what people are predicting, it is because of what that has been analyzed and predicted technically and the sentiment people have for bitcoin halving. We are moving closer to bull run. But we should not be deceived as if from now to 2024, there wouldn't be any bear market, but the bull run will surpass the bear market.

If they say contrary to what we have believed or known about bitcoin we can never be convinced, another thing to fall back on is to go through the background history of bitcoin over the years and gain more confidence that even if others are not seing it, we are expecting it to happen come next year.

[rhomelmabini]

They're not the very first influential people that made such claims even the late McAfee says it will reach $500k but likely not in the coming years. Probably the best possible scenario is a $100k touchdown in the coming bull run, we gonna speculate the rest when it touches first that psychological level. This 2024 or 2025 I am expecting we will witness that.

[Dr.Bitcoin_Strange]

It's been noted that during Bitcoin halving, there is always a hike in the price of Bitcoin, and that's the reason for quite some current speculation about the price of Bitcoin. Although there's just a little bit of doubt that Bitcoin can reach $100k before the year 2024 ends, the reason is that we are not very sure of what that year can bring. Just like some people also speculated that it could get to $90 to $100k during the last bull run, it didn't. By the way, most people did not even expect the last ATH. But the truth is that anyone who wants to invest in Bitcoin should not wait for the bull market before they can begin to invest.

[Ndabagi01]

These are just hypotheses, and I appreciate how open and prompt they are with their assumptions. They made all of these assumptions based on current market events, as well as previous and upcoming market events. We are all bitcoin lovers who believe that the price of bitcoin will rise in the near future. We will not see much of another bear market before the bull run, and the event following the bull run could be the best and highest price bitcoin will reach by next year 2024. News like this from huge influencers gives optimism to ordinary individuals who have just made investments in the aim of profiting in the future.

[tabas]

They're not the very first influential people that made such claims even the late McAfee says it will reach $500k but likely not in the coming years.

IIRC, John had predicted Bitcoin $1M and that was even around $1M but it's all about for the hype and there's no analysis that he's given. Well, RIP John.

Probably the best possible scenario is a $100k touchdown in the coming bull run, we gonna speculate the rest when it touches first that psychological level.

$100k is the majority's speculation on how high Bitcoin is going to be for the next bull run. It was the last bull run's predicted peak but it didn't happen.

This 2024 or 2025 I am expecting we will witness that.

These years are like the bull run moments and we shall see how much it's gonna be and how high is going to be the peak. These institutions have got their own predictions and so do we.

[el kaka22]

I am not sure when this will happen, but it certainly looks like something we could like as well, it's a lot of money. I can't say how long it will take though, millions of dollars is a lot of money, I can see it reach to 500k at this point but that's about it, and I guess it is going to be a bit of a problem as well.

Think about it, 500k or so is the gold marketcap for bitcoin, if price of bitcoin reaches about 500k, that means bitcoin marketcap would be similar to gold market cap, when we are talking about millions of dollars, that means we will be bigger than gold marketcap multiple times. I am not saying that can't happen, but it would not be easy to happen and that's going to be a bit of a trouble in the end for sure.

[adaseb]

For those that don’t know. But Standard Chartered had a prediction in Dec 22 right after the FTX implosion that Bitcoin will hit $5000. Pretty much made this prediction right at the bottom.

And now they think it will hit $120K by 2024. This is proof you can’t take any of these articles seriously because nobody knows what will happen. Even a large company like this who is very wise and has tons of capital. This is no different than those $100K or $1M predictions we’ve been seeing.

[yudi09]

The price of digital currency Bitcoin has started to rise again. In this reality, multinational bank Standard Chartered thinks that the price of Bitcoin may rise to 50 thousand dollars this year. Even in the latter half of 2024, the price of this currency can reach 1 lakh 20 dollars. According to the news agency Reuters, investors may be more attracted to it as the price of Bitcoin is increasing recently. Earlier in April, Standard Chartered said, at the end of 2024, the price of Bitcoin, a virtual currency, could rise to 100,000 dollars. Then they said that the 'winter' of cryptocurrency is about to end. But now the bank's foreign exchange analyst Jeff Kendrick said that the price of Bitcoin may increase by 20 percent to 120,000 dollars.

I welcome the estimated price of Bitcoin as made by Standard Chartered. For me, this kind of estimate must be reported more and more from now on and so on to be known by many people.
2024 will be a historic year for everyone who has Bitcoin.

We all hope that the price increase as expected can happen as soon as possible even though anyone can not be sure it will happen with certainty.
There is an increase in prices that occur after the estimation is not made. Likewise with the reporting of SEC recognition for ETF Spot BlackRock, Vaneck and several others.



I still survive with $100,000 estimates to date, of course I will be very happy if there is a higher estimate coming from Standard Chartered and from other parties.
This will be a reinforcement of hope.

[Husires]

All I know is that bitcoin is rising above $100000 before the end of 2024, it is good to buy it now.

Do not build high hopes on ATH or any price near to it, but rather build them on buying price, that is, assuming that the price of bitcoin will not be lower than your purchase price. that mean try to buy bitcoin in the range of $15,000 to $30,000, and then you will achieve gains at the bottom of the new cycle, which may be between $40,000 to $60,000. This is how your economic calculations are based on the worst scenario, and if Bitcoin reaches the price of 100K, you are a winner, not the other way around.

it is good to buy it now it is marked by the bottom, not the top.

[Nrcewker]

All I know is that bitcoin is rising above $100000 before the end of 2024, it is good to buy it now. This is not about what people are predicting, it is because of what that has been analyzed and predicted technically and the sentiment people have for bitcoin halving. We are moving closer to bull run. But we should not be deceived as if from now to 2024, there wouldn't be any bear market, but the bull run will surpass the bear market.

I would say that’s really a wild guess. We need to first watch how Bitcoins are doing in 2023. I am also a supporter of bitcoins. I also know that 2024 will be a big year for bitcoins. We will definitely see a new ATH price, but it won’t be more than 85,000 USD. Yes, so buying the coins now will really be beneficial for everyone. Buy as many coins as you can now and hold them till the next bull run. I bet you will definitely make three times the amount you invested as a profit.

[goaldigger]

The price of digital currency Bitcoin has started to rise again. In this reality, multinational bank Standard Chartered thinks that the price of Bitcoin may rise to 50 thousand dollars this year. Even in the latter half of 2024, the price of this currency can reach 1 lakh 20 dollars. According to the news agency Reuters, investors may be more attracted to it as the price of Bitcoin is increasing recently. Earlier in April, Standard Chartered said, at the end of 2024, the price of Bitcoin, a virtual currency, could rise to 100,000 dollars. Then they said that the 'winter' of cryptocurrency is about to end. But now the bank's foreign exchange analyst Jeff Kendrick said that the price of Bitcoin may increase by 20 percent to 120,000 dollars.

This might be exaggerated and this is crypto, we all know its hype though with Bitcoin, there might be a chance.
This may take years, and adoption should happen if we really want to see Bitcoin at this level. Imagine everyone having their own Bitcoin while the supply is limited, its value will surely hit the moon. The total supply is getting smaller too because of the halving, I expect Bitcoin to be on a six digit level in the next 5 years.