Standard Chartered Predicts Bitcoin Could Reach $200,000 by 2025
Standard Chartered, a global financial institution, has made a bold prediction that Bitcoin could surge past $200,000 by the end of 2025. However, this forecast is dependent on the approval and profitability of Bitcoin exchange-traded funds (ETFs) in the United States. It is estimated that between 437,000 and 1.32 million Bitcoin would be held in spot Bitcoin ETFs listed in the US by the end of 2024, resulting in inflows of $50-100 billion.
The Comparison to Gold ETFs
Geoff Kendrick and Suki Cooper from Standard Chartered drew comparisons between Bitcoin’s potential growth and the success of gold exchange-traded funds. They noted that the value of gold ETFs increased by a factor of 4.3 around seven to eight years after their introduction to the market. If this trajectory applies to Bitcoin and ETF inflows materialize as expected, a price level close to $200,000 could be attainable by the end of 2025.
A “Watershed Moment” for Bitcoin Participation
Kendrick and Cooper view the approval of spot Bitcoin ETFs as a significant milestone in normalizing Bitcoin participation. Experts emphasize considering Bitcoin’s stronger network foundations alongside these changes. Jamie Coutts, a blockchain expert, highlights that Bitcoin’s fundamentals are at an all-time high and its appeal is bolstered by unique use cases such as inscriptions.
Undervalued Potential
Despite being forty percent below its all-time high, Coutts believes that Bitcoin is undervalued given its strong fundamentals. The projected influx of investment through ETFs could serve as a catalyst for a significant price surge, potentially reaching the predicted level of $200,000 by the end of 2025.
Hot Take: Standard Chartered Predicts Bitcoin to Hit $200,000 by 2025
Standard Chartered, a global financial institution, has predicted that Bitcoin’s price could soar to over $200,000 by the end of 2025 if Bitcoin exchange-traded funds (ETFs) gain approval and prove profitable in the US. Comparing Bitcoin’s potential growth to gold ETFs, Standard Chartered executives believe that a similar trajectory could lead to a price level near $200,000. The approval of spot Bitcoin ETFs is seen as a crucial moment in normalizing Bitcoin participation. With Bitcoin’s strong fundamentals and the anticipated influx of investment through ETFs, experts speculate that the cryptocurrency’s price could surge in the coming years.
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