Standard Chartered Bank Predicts Bitcoin Price Surge to $200,000 in 2025
Standard Chartered Bank has forecasted a significant increase in the value of Bitcoin, with the price potentially reaching $200,000 by 2025. This projection is based on the potential approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC).
Bitcoin ETFs Could Bring $50-$100 Billion Inflows
The bank’s analysis draws a comparison between the expected impact of spot Bitcoin ETFs and the historical influence of gold ETFs on the gold market. By looking at the introduction of the SPDR Gold Shares (GLD) ETF in 2004, Standard Chartered Bank demonstrates how gold ETFs significantly increased investor access and resulted in substantial inflows.
Bitcoin Price to Reach $100,000 in 2024 and $200,000 in 2025
With the potential for massive inflows through Bitcoin ETFs, Standard Chartered Bank predicts that the price of Bitcoin will surge similarly to how gold prices rose when GLD started trading. The bank expects Bitcoin to experience price gains similar to gold and projects a price level of $100,000 by the end of 2024. If ETF-related inflows materialize as anticipated, Standard Chartered Bank believes that a price level closer to $200,000 is possible by the end of 2025.
Hot Take: Spot Bitcoin ETFs May Boost Bitcoin Price to $200,000 in 2025
Standard Chartered Bank predicts that if spot Bitcoin ETFs are approved by the SEC, it could have a significant impact on Bitcoin’s price. The bank draws parallels between gold ETFs’ historical influence on the gold market and the potential effect of Bitcoin ETFs on the cryptocurrency. With inflows estimated to be between $50 billion and $100 billion, Standard Chartered Bank believes that Bitcoin’s value could reach as high as $200,000 by 2025.
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