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.
A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken January 8, 2021. REUTERS/Dado Ruvic/File PhotoLONDON, April 24 - Top cryptocurrency bitcoin could reach $100,000 by the end of 2024, Standard CharteredBitcoin could gain from factors including recent turmoil in the banking sector, a stabilisation of risk assets as the U.S.
Predictions of sky-high valuations have been commonplace during bitcoin's past rallies. A Citi analyst said in November 2020 that bitcoin could climb as high as $318,000 by the end of 2022. It closed last year down about 65% at $16,500.
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