Bitcoin Surges Past $100,000, Standard Chartered Predicts $200,000 by 2025
In a landmark moment for the cryptocurrency market, Bitcoin has surpassed the $100,000 milestone, marking a significant achievement for the digital asset. As the market celebrates this new high, Standard Chartered Bank has reaffirmed its bullish stance, predicting that Bitcoin could reach $200,000 by 2025.
Geoff Kendrick, head of digital assets research at Standard Chartered, cited several factors contributing to this optimistic outlook. “We anticipate increased uptake by U.S. retirement funds and global sovereign wealth funds,” Kendrick stated. He also pointed to regulatory changes and reduced volatility as key drivers that could attract more institutional investors to the cryptocurrency space.
The surge in Bitcoin’s value comes amid growing institutional demand and favorable political developments. MicroStrategy, a prominent corporate Bitcoin holder, continues to influence market dynamics with its aggressive acquisition strategy. The company has announced plans to raise $42 billion over the next three years for further Bitcoin purchases.
Additionally, the cryptocurrency market is closely watching the potential impact of President-elect Trump’s pro-crypto policies. Analysts suggest that the new administration may establish a national Bitcoin stockpile, further legitimizing the digital asset.
The introduction of new options trading on Bitcoin ETFs is expected to drive demand from pension funds and retirement accounts. Currently, hedge funds and investment advisors dominate ETF holdings, with pension funds accounting for only 1% of investments. However, experts believe there is significant inflow potential from U.S. retirement accounts, which total approximately $40 trillion.
Other companies are following suit in Bitcoin investments. Japan-listed Metaplanet and Germany-based Acurx Pharmaceuticals have also announced plans to allocate funds to the cryptocurrency.
As Bitcoin reaches new heights, the cryptocurrency market remains dynamic, with potential for significant growth in the coming years. The combination of institutional interest, political support, and strategic corporate investments could continue to propel Bitcoin’s value, potentially realizing Standard Chartered’s ambitious prediction.
By
