Standard Chartered: Bitcoin Could Hit $200,000 by 2024 as Ethereum Soars on Real-World Use Cases

Standard Chartered analyst predicts Bitcoin will reach $200,000 by end of 2024 due to successful ETF adoption and potential FX reserve buying.

The analyst sees Ethereum price doubling to $8,000 by end-2024 and reaching $14,000 by 2025 due to the Dencun upgrade and potential for real-world use cases like gaming and tokenization.

Major Wall Street firms Goldman Sachs, Blackrock, and JPMorgan are all now bullish on Ethereum, highlighting its potential for tokenization.

The analyst believes Ethereum ETFs will be approved on May 23rd, sparking $15-45 billion of inflows in the first 12 months.

If real-world tokenization takes off, Ethereum could be valued like a big tech stock, taking its ETH-BTC ratio back up to 7% according to the analyst.