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 A leading international bank has predicted that Bitcoin could reach over three figures in the coming year as miners will reduce their BTC sales. 
 Standard Chartered, a leading international bank, has dropped a daring price projection for Bitcoin in its latest forecast. According to a <a href="https://www.reuters.com/technology/standard-chartered-bumps-up-bitcoin-forecast-120000-2023-07-10/" target="_blank" rel="noopener noreferrer nofollow">report </a> on Reuters, Bitcoin is expected to reach $50,000 in 2023 and $120,000 by the end of 2024, quoting Geoff Kendrick, a top financial analyst at Standard Chartered. 
 Kendrick had predicted a $100k for Bitcoin by the end of 2024; however, in his latest review, he argued that there is a 20% upside to that projection.&nbsp; 
 <h2 id="span-style-font-weight-400-bitcoin-miners-to-cut-sale-by-20-30-span">Bitcoin Miners to Cut Sale by 20-30% </h2> 
 According to <a href="https://thecryptobasic.com/2022/12/05/standard-chartered-forecasts-further-70-bitcoin-dip-to-5k/" rel="noopener noreferrer nofollow">Standard Chartered </a>, the anticipated price increase is because miners who create 900 new Bitcoins every day worldwide will need to sell fewer of them to meet their expenditures. 
 Furthermore, Kendrick noted that Bitcoin miners just sold 100% of their brand-new coins. But if Bitcoin reaches $50,000, they would only sell 20 to 30% of the inventory. The financial expert further stated that the decrease in selling would mean miners previously selling 328,500 BTC would cut the sale to 65,700-98,550, resulting in a net supply drop of about 250,000 Bitcoins. ... 
 <a href="https://thecryptobasic.com/2023/07/11/standard-chartered-forecasts-120k-bitcoin-in-2024-heres-why/" rel="noopener noreferrer nofollow">Read more</a>
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Standard Chartered Forecasts $120k Bitcoin in 2024, Here’s Why

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