Standard Chartered Predicts Bitcoin to Reach $100K by Year-End 2024

By: Eliza Bennet

Standard Chartered, the British multinational bank, maintains a bullish stance on Bitcoin, the world's largest digital currency. The bank suggests that the digital coin is on track to hit the milestone mark of $100K by the end of 2024.

Furthermore, the bank pinpointed the potential launch of a Bitcoin Exchange-Traded Fund (ETF) in the U.S. earlier than anticipated as a possible catalyst for this uptick.

While the exact timeline of such an ETF launch remains uncertain, the mere prospect has generated significant excitement among Bitcoin enthusiasts and investors. Such a landmark would potentially facilitate greater institutional participation in crypto markets, further fuelling Bitcoin's value surge.