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Standard Chartered: Bitcoin Could Reach $120K by Q2 2024

5/13/2025

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Summary

Story summary

Standard Chartered forecasts Bitcoin may hit $120,000 by Q2 2024 due to strong ETF inflows and institutional adoption.
Accumulation by firms like Strategy and participation from large institutions, including sovereign funds, reinforce this prediction.
U.S. local governments are legislating Bitcoin reserves, increasing its acceptance.
Recent regulatory changes and support from Trump strengthen Bitcoin's market standing.

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Story summary

Standard Chartered forecasts Bitcoin may hit $120,000 by Q2 2024 due to strong ETF inflows and institutional adoption.
Accumulation by firms like Strategy and participation from large institutions, including sovereign funds, reinforce this prediction.
U.S. local governments are legislating Bitcoin reserves, increasing its acceptance.
Recent regulatory changes and support from Trump strengthen Bitcoin's market standing.