Standard Chartered has raised its forecast for Bitcoin prices to as high as $120000 by 2024. According to Caixin News Agency on July 11, Standard Chartered has raised its bullish forecast for Bitcoin, with the latest forecast of up to $120000 by the end of 2024, nearly four times the current price, as cash-rich miners will reduce Bitcoin sales. The increasing profitability of miners' Bitcoin units means they have the ability to maintain cash inflows while reducing sales, which will reduce the net supply of Bitcoin and drive up Bitcoin prices, "Standard Chartered's Geoff Kendrick said on Monday. (Bloomberg)Standard Chartered has raised its forecast for Bitcoin prices to as high as $120000 by 2024. According to Caixin News Agency on July 11, Standard Chartered has raised its bullish forecast for Bitcoin, with the latest forecast of up to $120000 by the end of 2024, nearly four times the current price, as cash-rich miners will reduce Bitcoin sales
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