Standard Chartered: Bitcoin could reach $200,000 by the end of 2025

2024-12-05 18:09:04

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ChainCatcher news, according to Jinshi reports, Standard Chartered Bank's Global Head of Digital Asset Research Geoff Kendrick stated in a report that this year's Bitcoin capital flows are primarily driven by institutional investors, and this trend is expected to continue. After breaking through $100,000, Bitcoin could reach $200,000 by the end of 2025.

So far this year, institutions have purchased 683,000 Bitcoins through U.S. spot ETFs, with MicroStrategy acquiring 245,000 Bitcoins, a significant portion of which was bought after the U.S. presidential election.

Kendrick stated, "By 2025, we expect institutional capital inflows to maintain or exceed the pace of 2024." Additionally, the proportion of Bitcoin ETFs currently held by pension funds is relatively small, but this is expected to increase in 2025 due to changes in U.S. regulatory policies.

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