LATEST: Bitcoin’s Bullish Trajectory to $100,000 by 2024 End Fueled by ETFs, Predicted by Standard Chartered

Standard Chartered Bank predicts Bitcoin will reach $100,000 by late 2024, driven by the expected approval of U.S.-based spot Bitcoin ETFs in early 2024 and the Bitcoin halving in late April 2024. These developments, along with the growing dominance of Bitcoin in the digital assets market, are anticipated to attract substantial institutional investment. The bank’s team, led by Geoff Kendrick, suggests that the $100,000 milestone might be achieved even earlier if the U.S. spot ETFs are introduced soon, highlighting the bank’s confidence in Bitcoin’s market potential and its evolving role in the financial sector.

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