Standard Chartered predicts Bitcoin (BTC) could reach $50,000 this year and $120,000 by the end of 2024. The bank believes the rising value of Bitcoin could incentivize miners to accumulate more units. Despite an 80% growth in Bitcoin's value since the start of the year, its current value of around $30,200 is significantly less than its previous peak of $69,000 in November 2021. The bank's prediction is based on the idea that Bitcoin miners would need to sell fewer Bitcoin to cover their operational costs.