Bitcoin has more than doubled this year and is still set to more than double again to over $100,000 by late next year, according to Standard Chartered.
The note declared that “Crypto spring has sprung” and reiterated a forecast first made in April, when analysts said the leading cryptocurrency would reach the six-figure level by the end of 2024.
Bitcoin has already soared 130% in 2023, and the bullish price outlook represents additional gains of more than 160%.
Continued drivers included bitcoin’s continued dominance of the crypto space and increased token hoarding by miners, Standard Chartered head of FX research Geoff Kendrick wrote.
Credit: http://businessinsider.com
