Crypto winter is over — and bitcoin could hit $100,000 by the end of 2024, Standard Chartered says

Bitcoin’s value could jump to as much as $100,000 by the end of 2024, Standard Chartered said in a note published Monday.

The collapse of Silicon Valley Bank and other mid-tier U.S. lenders has solidified the case for bitcoin as a “decentralised, trustless and scarce digital asset,” Standard Chartered analyst Geoff Kendrick said in the note.

“We see potential for Bitcoin (BTC) to reach the USD 100,000 level by end-2024, as we believe the much-touted ‘crypto winter’ is finally over,” Kendrick said in the report, titled “Bitcoin — Pathway to the USD 100,000 level.”