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Gate Square New & Returning Creator Rewards are ongoing!
Your ideas may be more valuable than you think!
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WILL BITCOIN REACH $125,000 BY 2024? STANDART CHARTERED'S CLAIM🚀
#bitcoin #elg #escoin #uma
Standard Chartered analysts predict that Bitcoin will reach $125,000 by the end of 2024. This forecast has been updated, surpassing the previous prediction of $100,000. The expected Bitcoin halving in 2024 and the impact of spot Bitcoin ETFs on the market are among the key factors for this prediction. The halving event will reduce the Bitcoin supply, and the strong demand for ETFs is considered to be factors that could accelerate price increases.
According to leading analysts like Geoffrey Kendrick, this rise is supported by the perception of Bitcoin as a comparable store of value to gold. Kendrick, who also advocates for a 20% allocation of Bitcoin in investment portfolios, argues that the balance of gold and Bitcoin provides an optimal return. Other sources confirm these predictions and indicate a significant increase in institutional interest in Bitcoin by 2024.
🔥🔥🔥 These predictions indicate that Bitcoin will continue its upward trend based on the interest of institutional investors and market dynamics‼️
#btc $BTC $ETH
References:
• Standard Chartered Bitcoin Price Forecast, Nasdaq Insights.
• Bitcoin Analysis, Crypto.News