"Standard Chartered Predicts Bitcoin's Value to Exceed $100,000"
"Bitcoin is open source; its design is public; nobody owns or controls Bitcoin. Anyone can participate. "Because of a number of its special characteristics, Bitcoin enables novel applications that were not possible with earlier payment systems. According to Standard Chartered, the value of Bitcoin, the most popular cryptocurrency, could rise to $50,000 this year and $120,000 by the end of 2024.The bank warned that the rise in the cryptocurrency's rate might lead "miners" of bitcoin to stockpile more of the available supply. By the end of 2024, the price of bitcoin could increase to $50,000. According to Reuters, Standard Chartered forecasts that the value of Bitcoin, the most popular cryptocurrency, may increase to $50,000 this year and $120,000 by the end of 2024. The bank warned that the rise in the cryptocurrency's rate might lead "miners" of bitcoin to stockpile more of the available supply. "Increased miner profitability per BTC (bitcoi