Forecast analysts: Bitcoin could reach the $ 120,000 brand at the end of 2024 - $ 50,000 could be possible at the end of this year

Von Krypto News Österreich

Bitcoin könnte laut Analysten von SBC noch Ende 2024 die Marke von 120.000 US-Dollar erreichen. Bereits Ende dieses Jahres könnten 50.000 Dollar erreicht werden. Die britische Großbank gibt an, dass der gestiegene Preis die Bitcoin-Miner dazu veranlassen könnte, weniger neu generierte Währung auf den Markt zu bringen und stattdessen zu speichern. Dadurch würde das Angebot verringert und der Preis weiter steigen. Geoff Kendrick, einer der Top-Analysten von SBC, erklärt, dass der Krypto-Winter vorbei sei. Die Spezialisten sehen auch für dieses Jahr noch viel Aufwärtspotenzial, etwa über 50 Prozent ausgehend vom aktuellen Preis von rund 30.750 US-Dollar. Im April hatte Kendrick …
According to SBC analysts, Bitcoin could reach the $ 120,000 mark at the end of 2024. $ 50,000 could be achieved at the end of this year. The British major Bank states that the increased price could cause Bitcoin miners to launch less newly generated currency and store instead. This would reduce the offer and continue to increase the price. Geoff Kendrick, one of SBC's top analysts, explains that the crypto winter is over. The specialists see a lot of upward potential for this year, about 50 percent based on the current price of around $ 30,750. In April Kendrick had ... (Symbolbild/KNAT)
According to SBC analysts,

Bitcoin could reach the $ 120,000 mark at the end of 2024. $ 50,000 could be achieved at the end of this year. The British major Bank states that the increased price could cause Bitcoin miners to launch less newly generated currency and store instead. This would reduce the offer and increase the price.

Geoff Kendrick, one of the top analysts from SBC, explains that the crypto winter is over. The specialists see a lot of upward potential for this year, about 50 percent based on the current price of around $ 30,750.

in April Kendrick still wrote that Bitcoin could increase to $ 100,000 by 2024. Now he confirms this price goal and also mentions a possible increase to $ 120,000, which corresponds to an increase of almost 300 percent compared to the current level. Kendrick also expects Bitcoin to increase by 67 percent to $ 50,000 this year.

The analyst assumes that the miners have sold 100 percent of all Bitcoins generated in the second quarter. However, he expects the miners to sell less Bitcoin over time. Historically, this is the case when the Bitcoin price exceeds the total costs of the mining, which is currently the case.

It should also be mentioned that investors can invest in Bitcoin via the online Best of Krypto Index. With a certificate, investors can invest in 10 large coins at the same time.

In conclusion, it should be pointed out that the chairman of the board and majority owner of the publisher Börsenmedien AG, Bernd Förtsch, has been received in the discussed financial instruments or derivative instruments that could benefit from course development. Börsenmedien AG has also developed an index and adheres to the rights. There is a cooperation agreement with the issuer of the securities shown, which gives Börsenmedien AG remuneration.