According to a report by Standard Chartered Bank, the price of Bitcoin, the world's largest cryptocurrency, could potentially rise to as high as $120,000 by the end of 2024. The bank said it revised its previous forecasts and forecasts a price of $50,000 by the end of this year. The report highlights that factors such as the crisis in the banking sector are affecting Bitcoin's potential to reach $100,000. However, the report states that the increase in mining profitability is also a factor affecting the price. With miners making more profits, as they sell less Bitcoin, the supply decreases and prices may rise. Bitcoin has gained 80% since the beginning of this year and is currently trading around $30,000.