Bitcoin Will Reach $120K Before 2025, Standard Chartered Predicts



Standard Chartered has raised its Bitcoin price forecast to $120,000 by the end of 2024, citing miners hoarding their coins and reducing the circulating supply as the main driver. The bank predicts that increased miner profitability will lead to a decrease in net BTC supply, pushing prices higher. Bitcoin has already seen an 82% increase this year, and the trend of coins moving from short-term holders to long-term holders indicates a bullish market.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)