Standard Chartered: End of 2024
BTC will reach $100,000
ACCORDING TO THE BLOCK, STANDARD CHARTERED BANK ANALYSTS SAID IN A NOTE THAT THE BTC VELOCITY IS AT A HISTORICALLY LOW LEVEL, INDICATING A SIGNIFICANT CHANGE IN MARKET SENTIMENT COMPARED TO THE PREVIOUS BEAR MARKET CYCLE, WITH HOLDERS OF BTC ALREADY RELUCTANT TO SELL, AND BUYERS SEEKING NEW SUPPLY PRICE POINTS IF THEY WANT TO BUY. April's projections remain valid, reaching $100,000 BTC by the end of 2024.
GEOFF KENDRICK, HEAD OF FOREIGN EXCHANGE RESEARCH AT STANDARD CHARTERED, SAID THE MAIN CATALYST FOR PRICE INCREASES WOULD BE THE APPROVALS OF SEVERAL U.S. SPOT BTC ETFS, WHICH ARE EXPECTED TO BE FASTER THAN EXPECTED.