Posted 11/28/2023, 5:24:00 PM
Standard Chartered Predicts Bitcoin Could Hit $100K Before 2024 Due to Earlier ETF Approvals
- Standard Chartered Bank reiterates its April forecast that bitcoin will reach $100,000 by end of 2024
- They expect several US spot bitcoin ETFs to be approved in Q1 2024, paving the way for more institutional investment
- The next Bitcoin "halving" event in April 2024 expected to be a source of further price upside
- Bitcoin's dominance and market share continues to increase as expected
- Chance bitcoin could hit $100k before 2024 end due to earlier ETF approvals; risk of $100k being reached before end-2024