Bitcoin Price to Hit $200,000 by 2025: Standard Chartered – Can Green Bitcoin Outperform BTC?
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Standard Chartered Bank predicts significant inflows into the market with the approval of BTC ETFs.
In a recent report, the bank noted that there will be inflows of $50 billion to $100 billion this year in the event that asset managers who have applied to issue spot bitcoin ETFs win. If the reality lives up, Bitcoin could surge to $200,000 by the end of 2025.
The potential of bitcoin ETF is comparable to the first U.S.-based gold exchange-traded product that went live in November 2004. As gold ETP holdings matured, the price of gold grew 4x over a seven-year period.
The optimism around Bitcoin ETF approvals has helped the BTC price action significantly over the last few weeks. The world’s largest cryptocurrency swelled almost 155% in a year.
As more Bitcoin spot ETFs get approval, the price of bitcoin can climb similar to gold. But factoring in the crypto volatility, the market could develop much earlier and achieve multifold gains in a much shorter time frame.
“The obstacle of self-custody has kept many investors out of the asset class, through approving a 40 Act structure that can give investors exposure in their traditional brokerage accounts, means the demographic of investors that can allocate even just 1% of their portfolio to this growing alternative asset class is exponential, and I think price activity (given the fixed supply of Bitcoin) will be just as big,” notes Will McDonough, chairman and founder of Corestone Capital.
The next Bitcoin ‘halving’ is another event that will support the market’s positive trajectory. It is expected to be held in late April 2024.
Despite the wildly ambitious price predictions, investors
