Standard Chartered Bank is now forecasting a $120,000 Bitcoin price by 2024. The $800 billion banking giant predicts an incoming supply shock for the king crypto (BTC).

Bitcoin should reach $50,000 in 2023, the report from the global head of research and chief strategist, Geoff Kendrick, forecasts. Thereafter, the BTC price should go on to $120,000 by the end of next year.

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