Standard Chartered: BTC Will Reach $120,000

Standard Chartered Bank reported that the largest crypto by market capitalization could rise over $100,000 by 2024.

Just 8 months ago, the firm had given a projected price of $50,000 by the end of 2023.

They attributed this potential increase to increased miner profitability, which would regulate the supply of new Bitcoin and boost its value.

Bitcoin is currently at around $30,865 after growing about 48% since the start of 2021.