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 120000 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.
I'm quite doubtful that Bitcoin will reach its new highest price next year before going through the halving because if you look at the four-year cycle it takes some time after the halving then after that the Bitcoin price reach the newest ath, but if it can reach its highest price in 2024 then it is very likely that the price will be even higher in 2025, and the price of $ 120,000 is a prediction of the price that Bitcoin will reach in 2021 but it turns out that it only touches half of the predicted price, so predicting the price of bitcoin is easy but many things will affect whether it can be reached later or not, but Bitcoin lovers will always believe that the performance of this coin will always be impressive for the holders, and not so fixated with the predictions of the experts.