Bitcoin to US$ 120,000 Says Standard Chartered

Posted on 11/21/2023

Bitcoin could hit US$ 120,000 by the end of 2024 says Standard Chartered Bank. Another prediction is for US$ 50,000 by the end of this year. While cryptocurrency HODLers’ laser eyes are focused on the SEC and their decision about an ETF, an ETF token is already trading briskly. The token has raised over US$ 500,000 so far. The token is called $BTCETF and trades for approximately US$ 0.0052

Regardless of what happens with the token, Standard Chartered expects higher free cash flow from bitcoin miners and fewer bitcoin sales. The target would be revised upwards if the ETF is approved. If the price target of US$ 50,000 is reached by the end of 2023, it would add some creditability to the US$ 120,000 target.

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