The price of digital currency Bitcoin has started to rise again. In this reality, multinational bank Standard Chartered thinks that the price of Bitcoin may rise to 50 thousand dollars this year. Even in the latter half of 2024, the price of this currency can reach 1 lakh 20 dollars. According to the news agency Reuters, investors may be more attracted to it as the price of Bitcoin is increasing recently. Earlier in April, Standard Chartered said, at the end of 2024, the price of Bitcoin, a virtual currency, could rise to 100,000 dollars. Then they said that the 'winter' of cryptocurrency is about to end. But now the bank's foreign exchange analyst Jeff Kendrick said that the price of Bitcoin may increase by 20 percent to 120,000 dollars.
It's not something new whenever the price of Bitcoin is going up, the crowd goes back on it and deals with the craze that they've been with before.
And it's not surprising as well that these institutions are giving high numbers although it's truly possible but, they're all telling it with a good timing.
It's like that we're about to see the bull run, and they know that people are all ears again to Bitcoin. Thus, they're giving good predictions and numbers but whenever we enter the bearish time, you'll not hear anything from them.