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.
Can you share a link to the source of the information you posted, because in my country I operate an account with a standard chartered bank, and since our financial institutions don't support Bitcoin crypto transactions because of Central bank limits placed on bank-bitcoin transactions?
So having such information and speculation about bitcoin prices coming from a centralized bank like a standard chartered bank is something that sounds so contradicting to the reality on the ground and I will like to read such a statement myself.
since the original poster (OP) failed to give us a link to the source of the information he shared on the forum regarding Standard Chartered Bank's forecast for bitcoin. You can read it
hereIf Nigerian banks don't support bitcoin transactions for their citizens that doesn't mean other country's banks will do the same. Similar to how the Central Bank of Nigeria oversees its domestic banks about bitcoin, Standard Chartered Bank operates in other nations with no restrictions on what they may or may not support.
On the other hand, Standard Chartered Bank is unrestricted in its ability to discuss and forecast bitcoin prices in other nations.