According to analysts at Standard Chartered Bank, the price of Bitcoin could exceed $50,000 this year, and by the end of next year it will reach $120,000. Standard Chartered analyst Geoff Kendrick has said: “Increased miner profitability per BTC (Bitcoin) mined means they can sell less while maintaining cash inflows, reducing net BTC supply and pushing BTC prices higher.” In the April forecast, Standard Chartered specialists predicted Bitcoin would reach $100,000 by the end of 2024. Last June 23, the BTC price surpassed $31,000, but on July 6, quotes tested the $30,000 support level. Meanwhile, analysts at Matrixport believe the cryptocurrency will reach $125,000 by the end of 2024, while the former CEO of crypto exchange BitMEX, Arthur Hayes, believes the asset will exceed $760,000 by 2025-2026.
