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OMG...Bitcoin promise to perform miracle of Cheong 400% by end 2024...Standard Charted forecast

k1976

Alfrescian
Loyal

Bitcoin Is Set to Quadruple to $120,000 by End of 2024, Standard Chartered Says​

  • Miner profitability cited as reason for revision from $100,000
  • Target for the end of 2023 is $50,000, 65% above current price
By
Isabelle Lee and
David Pan
+Follow
11 July 2023 at 01:43 GMT+8

Standard Chartered is ramping up its bullish Bitcoin prediction, targeting as much as $120,000 by the end of 2024 — almost quadruple the current price — as increasingly cash-rich miners reduce sales of the token.

“Increased miner profitability per BTC mined means they can sell less while maintaining cash inflows, reducing net BTC supply and pushing BTC prices higher,” Geoff Kendrick at Standard Chartered wrote Monday
 

laksaboy

Alfrescian (Inf)
Asset
This after BlackRock endorsed Bitcoin. Coincidence?

I bet Stanchart wants BlackRock's ESG shekels too. :cool:

E0TpS6Lu.jpeg


Stanchart is already involved in the woke and anti-carbon nonsense.



 

k1976

Alfrescian
Loyal
This after BlackRock endorsed Bitcoin. Coincidence?

I bet Stanchart wants BlackRock's ESG shekels too. :cool:

E0TpS6Lu.jpeg


Stanchart is already involved in the woke and anti-carbon nonsense.



All must huat together in Grand Finale
 

syed putra

Alfrescian
Loyal
This after BlackRock endorsed Bitcoin. Coincidence?

I bet Stanchart wants BlackRock's ESG shekels too. :cool:

E0TpS6Lu.jpeg


Stanchart is already involved in the woke and anti-carbon nonsense.



No choice. If do not suppork carbon neutral initiative, kena penalties and activist shareholders will create a ruckus.
 
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