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.
This might be exaggerated and this is crypto, we all know its hype though with Bitcoin, there might be a chance.
This may take years, and adoption should happen if we really want to see Bitcoin at this level. Imagine everyone having their own Bitcoin while the supply is limited, its value will surely hit the moon. The total supply is getting smaller too because of the halving, I expect Bitcoin to be on a six digit level in the next 5 years.
Six digits in the next 5 years? Personally, I think we might see six digits this bull cycle. So I will go with the popular opinion here, might be a conservative estimates of $100k at least as our next ATH in 2024-2025.
And for sure if you are talking about the next bullish phase after next year, then it could be even more but I won't give any numbers yet as we have to experience ATH in 2024-2025 in which it will be the first time that we might see six digits in our history. So it's going to be big for us if we are going to hit that after the block halving in March next year.