Bitcoin course of $ 120,000 by the end of 2024?

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Von: Krypto News Österreich

Die Standard Chartered Bank, eine der weltweit größten Banken, hat ihre Prognose für den Bitcoin-Kurs aktualisiert und erwartet nun einen Anstieg auf bis zu 120.000 US-Dollar bis Ende 2024. Dies stellt eine deutliche Korrektur gegenüber ihrer früheren Schätzung von 100.000 US-Dollar dar. Die Bank gehört mit einem Vermögen von 800 Milliarden US-Dollar zu den führenden Banken weltweit. Allerdings sollte man Prognosen von Unternehmen aus dem Traditional Finance (TradFi)-Bereich nicht allzu ernst nehmen, da sie oft von Fehleinschätzungen geprägt sind. Im September letzten Jahres hatte die Standard Chartered Bank eine Bitcoin-Kursprognose von lediglich 5.000 US-Dollar abgegeben, was sich als großer Fehler …
Standard Chartered Bank, one of the world's largest banks, has updated its forecast for the Bitcoin course and is now expecting an increase to up to $ 120,000 by the end of 2024. This is a significant correction compared to its earlier estimate of $ 100,000. With a fortune of $ 800 billion, US dollar is one of the leading banks worldwide. However, forecasts from companies from the traditional finance (tradfi) area should not be taken too seriously, since they are often shaped by misjudgments. In September last year, the Standard Chartered Bank made a Bitcoin course forecast of just $ 5,000, which was a big mistake ... (Symbolbild/KNAT)

The Standard Chartered Bank, one of the world's largest banks, has updated its forecast for the Bitcoin course and now expects an increase to up to $ 120,000 by the end of 2024. This is a significant correction compared to its earlier estimate of $ 100,000.

However, forecasts from companies from the traditional finance (tradfi) area should not be taken too seriously, since they are often shaped by misjudgments. In September last year, the Standard Chartered Bank made a Bitcoin course forecast of just $ 5,000, which has proven to be a big mistake. Since then the Bitcoin course has increased strongly.

The bank justifies its optimistic forecast with the increased profitability of Bitcoin mining. Due to this, the miners can reduce their sales while the fundamentally existed. As a result, the range of Bitcoin is reduced and the price increases.

Current trends also speak for a positive development of the Bitcoin course. In the past three weeks, tributaries in cryptocurrencies have been recorded continuously, and the moving average convergence divergence (MACD) is positive in monthly comparison.

The increased institutional interest in Bitcoin also underlines this development. Last week, crypto investment products had a net inflow of $ 136 million. This shows that more and more institutions are interested in BTC as asset class.

The Bitvavo crypto exchange is recommended for buying Bitcoin. Bitvavo offers over 175 different cryptocurrencies and is characterized by particularly low fees of only 0.02%. In addition, the platform enables deposits via PayPal, SEPA and other options.

The standard chartered bank is optimistic about the Bitcoin course. However, their forecast of $ 120,000 by the end of 2024 is to be enjoyed with caution, since forecasts from the Tradfi area are often incorrect. However, current trends and the increased institutional interest speak for a positive development of the Bitcoin course.