Bitcoin
Bitcoin (BTC)
$107,129.00 -2.49434
Bitcoin price
Ethereum
Ethereum (ETH)
$2,624.39 -2.3553
Ethereum price
BNB
BNB (BNB)
$685.45 -0.61677
BNB price
Solana
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$169.79 -4.63733
Solana price
XRP
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$2.24 -4.08086
XRP price
Shiba Inu
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$0.000014 -3.59042
Shiba Inu price
Pepe
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$0.0000135 -3.55578
Pepe price
Bonk
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$0.0000195 -6.09966
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dogwifhat
dogwifhat (WIF)
$1.10 -3.73421
dogwifhat price
Popcat
Popcat (POPCAT)
$0.426154 -10.95551
Popcat price
Bitcoin
Bitcoin (BTC)
$107,129.00 -2.49434
Bitcoin price
Ethereum
Ethereum (ETH)
$2,624.39 -2.3553
Ethereum price
BNB
BNB (BNB)
$685.45 -0.61677
BNB price
Solana
Solana (SOL)
$169.79 -4.63733
Solana price
XRP
XRP (XRP)
$2.24 -4.08086
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.000014 -3.59042
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000135 -3.55578
Pepe price
Bonk
Bonk (BONK)
$0.0000195 -6.09966
Bonk price
dogwifhat
dogwifhat (WIF)
$1.10 -3.73421
dogwifhat price
Popcat
Popcat (POPCAT)
$0.426154 -10.95551
Popcat price
Bitcoin
Bitcoin (BTC)
$107,129.00 -2.49434
Bitcoin price
Ethereum
Ethereum (ETH)
$2,624.39 -2.3553
Ethereum price
BNB
BNB (BNB)
$685.45 -0.61677
BNB price
Solana
Solana (SOL)
$169.79 -4.63733
Solana price
XRP
XRP (XRP)
$2.24 -4.08086
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.000014 -3.59042
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000135 -3.55578
Pepe price
Bonk
Bonk (BONK)
$0.0000195 -6.09966
Bonk price
dogwifhat
dogwifhat (WIF)
$1.10 -3.73421
dogwifhat price
Popcat
Popcat (POPCAT)
$0.426154 -10.95551
Popcat price
Bitcoin
Bitcoin (BTC)
$107,129.00 -2.49434
Bitcoin price
Ethereum
Ethereum (ETH)
$2,624.39 -2.3553
Ethereum price
BNB
BNB (BNB)
$685.45 -0.61677
BNB price
Solana
Solana (SOL)
$169.79 -4.63733
Solana price
XRP
XRP (XRP)
$2.24 -4.08086
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.000014 -3.59042
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000135 -3.55578
Pepe price
Bonk
Bonk (BONK)
$0.0000195 -6.09966
Bonk price
dogwifhat
dogwifhat (WIF)
$1.10 -3.73421
dogwifhat price
Popcat
Popcat (POPCAT)
$0.426154 -10.95551
Popcat price

Standard Chartered: Bitcoin to reach $150k by end of 2024

Brian Stone
Edited by
Markets
Standard Chartered: Bitcoin to reach $150k by end of 2024

Standard Chartered Bank has revised its forecast for Bitcoin’s price, anticipating a significant surge in value up to $150,000 by the end of 2024.

Previously predicting a milestone of $120,000, this upward revision follows a period of “sharper-than-expected price gains” for Bitcoin (BTC).

Furthermore, the bank envisions even more substantial gains in the following year, with a forecasted price of $250,000 for Bitcoin in 2025. The optimism is grounded in the anticipated impact of ongoing spot Bitcoin ETF inflows and the forthcoming Bitcoin halving event, factors expected to bolster the asset’s value.

Geoffrey Kendrick, one of Standard Chartered’s leading analysts, draws a parallel between Bitcoin and gold, suggesting that Bitcoin’s trajectory mirrors that of gold following the approval of gold ETFs in the United States. Based on the analogy, the bank projects a potential price increase for Bitcoin, aligning with portfolio optimization strategies.

To achieve the optimal portfolio balance, Kendrick proposes allocating 80% to gold and 20% to Bitcoin. This balance, he argues, necessitates a Bitcoin price increase to $190,000 to maintain the desired allocation.

Kendrick also predicts that the SEC will approve U.S. Ethereum ETFs by May 23, first with rejections and then mass approval, similar to the commission’s approach to the Bitcoin ETFs, which were approved on Jan. 11.