Bitcoin could hit $100,000 by end-2024, Standard Chartered says

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Reuters UK

By Elizabeth Howcroft LONDON (Reuters) – Top cryptocurrency bitcoin could reach $100,000 by the end of 2024, Standard Chartered said on Monday, saying that the so-called “crypto winter” is over. Bitcoin could gain from factors including recent turmoil in the banking sector, a stabilisation of risk assets as the U.S. Federal Reserve ends its rate-hiking cycle and improved profitability of crypto mining, Standard Chartered’s head of digital assets research Geoff Kendrick said in a note. “While sources of uncertainty remain, we think the pathway to the USD 100,000 level is becoming clearer,” Kend…

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