- Standard Chartered has upped its bullish predictions for Bitcoin for the next year and a half, saying in its analysis released on Monday that the top crypto could reach $50,000 in 2023 and top out at $120,000 by the end of 2024.
This put an extra 20% upside on the bank's previous call for $100,000 by the end of 2024, according to Standard Chartered FX analyst Geoff Kendrick. Kendrik said that while miners have recently been selling 100% of their new coins, a price increase to $50,000 could result in them only needing to sell 20-30% to stay in operation.
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