Standard Chartered Bank: Bitcoin will reach $200,000 by the end of 2025, with the approval of Bitcoin spot ETFs being a key driver

2024-01-09 09:41:21

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ChainCatcher news, according to Decrypt, Standard Chartered's Head of Financial Research Geoffrey Kendrick stated in a report to investors: "If the inflows related to the ETF materialize as we expect, we believe it could reach around $200,000 by the end of 2025."

Kendrick said, "The approval of the ETF is a key driver for the rise in Bitcoin prices," adding, "This is a watershed moment for institutional money's participation in the normalization of Bitcoin, and we expect the approval to drive significant inflows and price increases for Bitcoin."

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