Standard Chartered has forecasted a significant surge in Bitcoin prices, predicting it could reach as high as $120,000 by the end of 2024. This bullish outlook is based on increased institutional adoption, macroeconomic factors, and the growing acceptance of Bitcoin as a legitimate asset class. The bank's analysts highlight that the recent price consolidation is a precursor to a substantial rally, driven by heightened investor interest and favorable market conditions. This prediction comes amid a broader recovery in the cryptocurrency market, with several factors contributing to renewed optimism.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.