“Standard Chartered Bank Predicts Bitcoin to Reach $100,000 by 2024”

Al-Marsad Newspaper: Standard Chartered Bank said Monday that Bitcoin, the largest cryptocurrency, could reach $100,000 by the end of 2024, and that the so-called “cryptocurrency winter” is over, according to Reuters.

Jeff Kendrick, Director of Digital Asset Research at Standard Chartered, said in a note that Bitcoin could benefit from factors such as the recent turmoil in the banking sector, the stability of risk assets when the US Federal Reserve halts its rate-raising cycle, and improving profits from mining. Digital currencies.

“While sources of uncertainty remain, we believe the path to $100,000 is becoming clearer,” Kendrick wrote.