Bitcoin Price Forecast: Standard Chartered Analyst Predicts Potential 127% Surge in 2022

Standard Chartered analyst Geoff Kendrick predicts that the price of Bitcoin could more than double this year, reaching $150,000 by the end of 2024. Despite a recent pullback, Kendrick remains bullish on Bitcoin, citing potential investor inflows and the recent halving event as catalysts for a surge in prices. Other analysts have also expressed positive outlooks on Bitcoin, with some predicting a market upswing following the halving event. While some experts warn against investing in “risk assets” like Bitcoin, others see potential buying opportunities for the cryptocurrency. Currently, Bitcoin is trading at $66,601, with a year-to-date increase of 50.78%. In comparison, Ethereum is trading at $3,189, with a year-to-date increase of 35.58%. Dogwifhat, a popular memecoin, has delivered the highest year-to-date returns, soaring by more than 1735%.