INSTITUTIONAL SIGNAL: Standard Chartered Bank Shares a $150k $BTC Outlook.
Standard Chartered has reiterated its expectations, pointing to $150,000 for $BTC and $8,000 for $ETH by the end of 2024.
This isn’t market chatter, but an outlook from a large financial institution. When banks publish targets like this, it often reflects internal research, client interest, and preparation for potential institutional capital movement. It suggests they are considering how supply and liquidity could adjust if demand increases.
Verdict: Institutionally constructive. Forecasts like this often appear when long-term positioning is being evaluated.
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