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Bitcoin News Alerts | Daily BTC News

1337: “Bitcoin Should Hit $120K By Next Year” - Standard Chartered

Bitcoin News Alerts | Daily BTC News

Justin Verrengia

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 10 July 2023

⏱️ 22 minutes

🧾️ Download transcript

Summary

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

In today's show, I'll be breaking down the latest technical analysis as Bitcoin hash rate hits yet another all-time high.

0:07.0

We'll also be discussing Bitcoin currently being traded at a $3,000 discount on Binance U.S.

0:12.9

But wait, there is a catch.

0:14.3

We'll also be discussing Coinbase shares are up 50% since the SEC lawsuit, as well as Robert Kennedy Jr., who's running for U.S.

0:22.4

president in 2024, says he invested up to a quarter million dollars in Bitcoin after the

0:28.4

Miami conference. We'll also be discussing BlackRock, the largest asset manager in the

0:32.6

world, and their ETF trade in full effect for Bitcoin as U.S. investors actively accumulating BTC.

0:39.0

We'll also be discussing ex-S.EC. Chairman Jay Clayton says Bitcoin ETF should be approved

0:44.6

if the spot Bitcoin market has proven to have a similar efficacy as futures market,

0:49.4

quoting him here from a recent interview on Squawk Box. It would be hard to resist approving

0:53.8

a Bitcoin ETF.

0:55.5

Word up. Also in today's show, $800 billion standard chartered bank is now forecasting a $120,000 Bitcoin price by 2024.

1:05.2

They say a supply shock will send the Bitcoin price to six figures.

1:08.5

Max Kaiser responded, Standard Charter's biggest shareholder is BlackRock,

1:12.3

so they would know, $220,000 in play. We'll also be taken a look at the overall crypto market.

1:19.1

All this, plus so much more in today's show.

1:29.6

Hey, what's good, Crypto fam?

1:32.0

This is first and foremost, a video show.

1:38.3

So if you want the full premium experience, visit our YouTube channel at CryptoNewsalerts.net.

1:41.8

Again, that's CryptoNewsalerts.com.

1:44.1

Welcome to y'all just joining us and tuning in. This is pod episode number 1337. I'm your host, JV,

1:48.8

and today is July 10th, 2023. Checking out our market watch here. You can see Bitcoin up about 1%

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