Standard Chartered Forecasts Bitcoin to Reach US$50,000 in 2023 and US$120,000 by 2024, Citing Miner Behavior and Reduced Supply
Standard Chartered has predicted that the value of Bitcoin could reach US$50,000 this year and US$120,000 by the end of 2024. The recent surge in Bitcoin’s price is expected to incentivize miners to hoard more of the supply, leading to a reduced net supply and potential price increases. LONDON, 10 July 2023 – Standard Chartered (STAN.L), a leading financial institution, has forecasted that the value of the top...