It's time to party like it's 2021! Or it feels that way if you put faith in a new report by Standard Chartered, a U.K. multinational bank that predicts the price of Bitcoin will climb to $50,000 this year and all the way to $120,000 by the end of 2024. The figures are an upward revision of an earlier bullish report by the bank and would amount to a 300% jump from its current price of around $30,000.
I confess it's fun to write this—if only because, after 18 months, one gets tired of reporting on regulatory crackdowns, collapsing prices, and the arrest of leading industry figures. In light of recent events, it's worth remembering crypto is not some scam but a 15-year-old project whose most high-profile asset—Bitcoin—is receiving bullish endorsements from major banks. (Goldman Sachs predicted $100,000 Bitcoin in early 2022.)
