Standard Chartered Bank has reiterated its prediction from April that Bitcoin (BTC) will reach $100,000 by the end of 2024. The bank's Geoff Kendrick and team wrote that the next catalyst will be the approval of several US spot Bitcoin ETFs, which they expect "may come sooner than expected." The report states: "In short, everything is going as expected. Bitcoin's dominant position remains intact - its share of the overall market value of digital assets has increased from 45% in April to 50%. We now expect prices to rise more than before, especially with the launch of US spot ETFs earlier than expected, before the halving. This suggests that BTC may reach $100,000 by the end of 2024."
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Standard Chartered Bank: Bitcoin is still expected to reach $100,000 by the end of 2024
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