Standard Chartered has made an optimistic prediction for Bitcoin (BTC), forecasting that the price of the cryptocurrency could reach as much as $120,000 by the end of 2024. This is an increase of 300% from the current level of $50,000. This potential upside is attributed to miners selling fewer tokens as the price of Bitcoin rises above the average all-cash cost of mining. Analysts at Standard Chartered have also predicted that Bitcoin is poised to reach $50,000 this year, an appreciation of 67%. It should be noted that these are estimates only and should not be taken as investment advice.



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