Posted 11/29/2023, 5:02:00 AM
Standard Chartered: Bitcoin to Hit $100K by 2024 on ETF Approvals, Halving Event
- Standard Chartered predicts Bitcoin will reach $100,000 by end of 2024
- Bank expects approval of several spot BTC & ETH ETFs in Q1 2024, driving more institutional investment
- Upcoming Bitcoin "halving" event in April 2024 could contribute to price increases
- Bank says Bitcoin's dominance remains intact, with 50% share of overall crypto market cap
- Standard Chartered cites Bitcoin's status as a safe haven asset underpinning its ongoing triumph