Standard Chartered: BTC Could Hit $200K in 2025 With Spot Bitcoin ETF Approval

Standard Chartered has predicted that the terms of bitcoin could emergence to $200,000 adjacent twelvemonth with the support of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The bank’s analysts described: “We spot this arsenic a watershed infinitesimal for normalizing bitcoin information by organization money, and we expect support to thrust important inflows and terms upside for bitcoin.”

Standard Chartered’s $200K Bitcoin Prediction

Standard Chartered’s Global Research published a enactment connected integer assets Monday explaining bitcoin’s “price upside” from the support of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC), which galore expect to happen connected Wednesday.

The note, written by the bank’s caput of crypto research, Geoff Kendrick, and Suki Cooper, a precious metallic expert astatine Standard Chartered Bank NY Branch, explains:

ETF support is simply a cardinal operator of BTC terms upside … We spot this arsenic a watershed infinitesimal for normalising bitcoin partipation by organization money, and we expect support to thrust important inflows and terms upside for BTC.

“To gauge however large a operator this mightiness become, we usage the instauration of the archetypal U.S.-based golden ETP (in November 2004) arsenic a bully constituent of comparison. The terms of golden roseate 4.3x successful the 7 to 8 years it took for golden ETP [exchange-traded product] holdings to mature aft the archetypal ETP was introduced,” the analysts detailed.

The Standard Chartered analysts continued:

We expect bitcoin to bask terms gains of a akin magnitude arsenic a effect of U.S. spot ETF approval, but we spot these gains materialising implicit a shorter (one- to two-year) period, fixed our presumption that the BTC ETF marketplace volition make much quickly.

“This is accordant with our end-2024 presumption of bitcoin astatine the USD 100,000 level. If ETF-related inflows materialise arsenic we expect, we deliberation an end-2025 level person to USD 200,000 is possible. This assumes that betwixt 437,000 and 1.32mn caller bitcoins volition beryllium held successful spot U.S. ETFs by end-2024. In USD terms, this should beryllium astir USD 50-100bn,” they further described.

In April past year, Standard Chartered said crypto wintertime has ended. In November, the slope noted that “crypto outpouring has sprung,” emphasizing that BTC could scope $100K sooner than antecedently predicted.

Do you deliberation bitcoin’s terms volition deed $200K successful 2025 arsenic predicted by Standard Chartered? Let america cognize successful the comments conception below.