I found it amazing that major banking is also hyping Bitcoin and seeing that prediction makes me feel like I'm doing the right decision to obtain more and more of BTC. I hope that everyone would be able to go along and see the real value of BTC and increase the chances of reaching it earlier.
I'm curious as to "What changed?" or Why do the major banks predict this kind of thing?
Topic: Bitcoin could hit $100,000 by the end of 2024 - Standard Chartered - Surprised? - page 6. (Read 756 times)
April 25, 2023, 03:03:38 AM
April 25, 2023, 03:02:24 AM
We have read many similar predictions by many market analysts and so-called Bitcoin enthusiasts about the bright future of Bitcoin. This is not surprising and this post is not a speculation post. What is surprising is that such kind of optimistic predictions is coming from one of the banking majors. The current banking turmoil has helped Bitcoin to win the trust of the people.
Read here: https://www.reuters.com/technology/bitcoin-could-hit-100000-by-end-2024-standard-chartered-says-2023-04-24/
Not all battles are fought on the battleground. Some are fought silently and patiently and time decides the winner. We are surely on the winning path!
Thoughts?
Read here: https://www.reuters.com/technology/bitcoin-could-hit-100000-by-end-2024-standard-chartered-says-2023-04-24/
Not all battles are fought on the battleground. Some are fought silently and patiently and time decides the winner. We are surely on the winning path!
Thoughts?
It's a very conservative forecast. Current ATH is around $70k and we'll likely reach (and exceed) it next year. If we take a look back at previous cycles, ATH had been broken in the third year of the cycle. Last time we went from ~$20k to ~$70k so something like x3.5 increase. At the same time, many bitcoiners agree that the previous ATH was ruined by some political and economic events and growth was stopped prematurely, so we can as well exceed x3.5 and shoot to like x5-x6, so $70k x 5 = $350k. So there's a good chance at least $200k will be reached next year. For sure, these are just speculations...
April 25, 2023, 02:44:06 AM
They keyword here is: could
bitcoin could hit $100,000
bitcoin could hit $10,000
bitcoin could hit $1,000,000
bitcoin could hit $100
Could just means that there's a (albeit non-zero) possibility — not necessarily that it will happen.
bitcoin could hit $100,000
bitcoin could hit $10,000
bitcoin could hit $1,000,000
bitcoin could hit $100
Could just means that there's a (albeit non-zero) possibility — not necessarily that it will happen.
Exactly, there's still no guarantee that Bitcoin "could" reach that certain amount. Predictions is free but sometimes people like newbie took it seriously that they invest a lot not knowing that's not so sure. Just do your own research and own analysis for you to have proper decisions in your calls.
April 25, 2023, 02:37:21 AM
They keyword here is: could
bitcoin could hit $100,000
bitcoin could hit $10,000
bitcoin could hit $1,000,000
bitcoin could hit $100
Could just means that there's a (albeit non-zero) possibility — not necessarily that it will happen.
bitcoin could hit $100,000
bitcoin could hit $10,000
bitcoin could hit $1,000,000
bitcoin could hit $100
Could just means that there's a (albeit non-zero) possibility — not necessarily that it will happen.
April 25, 2023, 02:04:05 AM
The global economy is now going through difficult times, and it is not yet +clear when they will end, and therefore, against this background, the cryptocurrency has good opportunities for rapid growth. So far, it’s even a little strange that the crypto-winter has dragged on for so long. If the price of bitcoin recently rose to 68 thousand dollars, then with the next wave of growth it is quite possible that it will reach one hundred thousand dollars. It's only a matter of time. At the same time, the probability and possibility of growth does not mean that it will happen in some named time frame.
April 25, 2023, 01:58:07 AM
Not surprised because the rumor of Bitcoin will reach $100K is nothing new and Standard Chartered bank headquartered is operated in London, so it's a part of United Kingdom where they're friendly with Bitcoin.
UK have their own centralized exchange e.g. CEX.io and the business in UK can accept Bitcoin payment, even though Bitcoin isn't a legal tender on their regions. It's not like in other regions where business aren't allowed to accept Bitcoin payment.
UK have their own centralized exchange e.g. CEX.io and the business in UK can accept Bitcoin payment, even though Bitcoin isn't a legal tender on their regions. It's not like in other regions where business aren't allowed to accept Bitcoin payment.
Is Bitcoin legal in the United Kingdom?
No specific regulations govern trading and investment in Bitcoin. However, United Kingdom residents can transact using Bitcoin.
Unlike El Salvador, which considers Bitcoin (BTC) to be a legal tender, cryptocurrencies are not treated as currency in the United Kingdom. Instead, HM Revenue & Customs (HMRC) categorized cryptocurrencies as digital or crypto assets, which may be liable to capital gains tax or income tax, depending on the circumstances.
One can trade BTC via cryptocurrency exchanges such as U.K.-based CEX.io or globally based Coinbase or Binance or through brokers like eToro. However, to register a cryptocurrency exchange in the U.K., the financial conduct authority (FCA) requires the business to establish a legal entity, get a registered office address, open a business bank account and register for taxation. After this, they will need to obtain a crypto exchange license by filling out an application form accessible on the FCA’s website and paying a registration fee.
So, can U.K.-based businesses accept Bitcoin? Yes, businesses can accept Bitcoin payments in the U.K. directly or indirectly via gift cards. However, it depends upon the customer base if they want to pay in crypto or fiat currencies.
No specific regulations govern trading and investment in Bitcoin. However, United Kingdom residents can transact using Bitcoin.
Unlike El Salvador, which considers Bitcoin (BTC) to be a legal tender, cryptocurrencies are not treated as currency in the United Kingdom. Instead, HM Revenue & Customs (HMRC) categorized cryptocurrencies as digital or crypto assets, which may be liable to capital gains tax or income tax, depending on the circumstances.
One can trade BTC via cryptocurrency exchanges such as U.K.-based CEX.io or globally based Coinbase or Binance or through brokers like eToro. However, to register a cryptocurrency exchange in the U.K., the financial conduct authority (FCA) requires the business to establish a legal entity, get a registered office address, open a business bank account and register for taxation. After this, they will need to obtain a crypto exchange license by filling out an application form accessible on the FCA’s website and paying a registration fee.
So, can U.K.-based businesses accept Bitcoin? Yes, businesses can accept Bitcoin payments in the U.K. directly or indirectly via gift cards. However, it depends upon the customer base if they want to pay in crypto or fiat currencies.
April 25, 2023, 01:24:50 AM
We have read many similar predictions by many market analysts and so-called Bitcoin enthusiasts about the bright future of Bitcoin. This is not surprising and this post is not a speculation post. What is surprising is that such kind of optimistic predictions is coming from one of the banking majors. The current banking turmoil has helped Bitcoin to win the trust of the people.
Read here: https://www.reuters.com/technology/bitcoin-could-hit-100000-by-end-2024-standard-chartered-says-2023-04-24/
Not all battles are fought on the battleground. Some are fought silently and patiently and time decides the winner. We are surely on the winning path!
Thoughts?
Read here: https://www.reuters.com/technology/bitcoin-could-hit-100000-by-end-2024-standard-chartered-says-2023-04-24/
Not all battles are fought on the battleground. Some are fought silently and patiently and time decides the winner. We are surely on the winning path!
Thoughts?
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