According to the information provided by the Reuters agency, the popular cryptocurrency Bitcoin it could reach US$100.000 by the end of 2024. The estimate was released by the British bank Standard Chartered this Monday (24). According to the London-based banking institution, the phase of the so-called “crypto winter” has come to an end, thus indicating that digital currencies are coming out of the dark phase.
There are some factors that can contribute to this growth. Geoff Kendrick, director of research for digital assets at Standard Chartered, said that on the one hand we have instability and turmoil in the traditional banking sector and a stabilization of risk assets as the US Federal Reserve ends its fees and improves cryptocurrency mining profit. The executive adds that:
While sources of uncertainty remain, we believe that the path towards the $100.000 level is becoming clearer.
In November 2021, Bitcoins were worth almost $65.000, but currently life for cryptocurrencies is not having the best days, with the value falling sharply overall. However, in the first weeks of this month of April, the value of Bitcoin was already above 30.000 dollars, an amount that had not been reached since June 2022.
BUT: Bitcoin drops below $20.000, lowest since December 2020
On the other hand, through the platform CoinMarketCap it turns out that the most popular cryptocurrency is currently worth $27.284,74.
Predictions about the appreciation of this and other digital currencies are common. And although this is a volatile market, there is always some pattern that allows you to estimate how things will go in the future. Reuters recalls that, in November 2020, a Citi analyst said that Bitcoin could reach $318.000 by the end of 2022. But the cryptocurrency closed the year down by around 65% with a value of 'only' 16.500 dollars.
