Global banking giant Standard Chartered has upped its bitcoin price prediction for the end of 2024 to $150,000, a significant increase from its previous forecast of $100,000.

In a new report, Standard Chartered analysts cited strong inflows into recently launched spot bitcoin ETFs in the U.S. as a primary driver of their bullish outlook. The bank believes these “sticky” institutional flows will continue propelling Bitcoin’s price.

Standard Chartered has emerged as one of the more Bitcoin-friendly legacy banks, with an active research team covering Bitcoin. Previously, the bank’s analysts had predicted Bitcoin would reach $100,000 by the end of 2024.

But with Bitcoin’s strong performance in…

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