Authored by William Suberg via CoinTelegraph.com,

Bitcoin miners will hoard BTC and drive up prices in the process, with BTC price due to top $50,000 this year as a result...

Bitcoin is in line to hit $50,000 this year and crack all-time highs in 2024, says Standard Chartered.

In a report quoted by media outlets including Reuters on July 10, the banking giant went on record to announce a BTC price recovery.

Standard Chartered vs. 2023 BTC price: From $5,000 to $50,000

In the wake of seismic changes in the institutional approach to Bitcoin in the United States, the mainstream narrative around the largest cryptocurrency is shifting rapidly.