Standard Chartered Predicts $100,000 Bitcoin Price by End of 2024 on ETF Hopes
• Bitcoin supply shock tactics give way to ETF hype in Standard Chartered’s new $100,000 BTC price prediction • Banking giant doubled down on its bullish BTC price targets, expecting six-figure BTC price by end of 2024 • Thanks to potential US approval of Bitcoin spot price ETFs, BTC could almost treble from current $37,700 over next 12 months • Earlier-than-expected ETF introduction suggests $100,000 level could be reached before end-2024 • Concerns linger that large-volume investors may sell off once ETF greenlight appears in “buy the rumor, sell the news” event