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International Business Times

Business

Nica Osorio

BTC ETF Approval Odds Remain At 90%; Standard Chartered's Bullish Prediction Puts Bitcoin At $100K

Bitcoin ETF Standard Chartered SEC Eric Balchunas Bloomberg Intelligence James Seyffart

Photo of a Bitcoin and an Ethereum coin on weathered wood in the sun. (Credit: QuoteInspector.com/flickr)

KEY POINTS

ETF analysts still think the SEC will approve multiple spot Bitcoin ETF applications in January
Standard Chartered said Bitcoin will reach $100,000 by the end of 2024
Bitcoin was trading in the red zone at $37,734.22 Thursday morning

As the odds of spot Bitcoin exchange-traded fund (ETF) approvals happening by January remains at 90%, international banking group Standard Chartered predicts that BTC, the world's largest crypto asset by market cap, will trade at the price level of $100,000 by the end of 2024.

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