Institutional adoption and sovereign support fuel bullish momentum as Bitcoin eyes $200K by year-end
Bitcoin (BTC) could soar well beyond $120,000 in Q2 2025, according to a new report by Standard Chartered Bank, which now believes its earlier forecast may be too conservative. Massive inflows into spot Bitcoin ETFs, growing institutional adoption, and strategic accumulation by major players like MicroStrategy (MSTR) are setting the stage for a historic rally.
Key Insights:
Q2 target of $120,000 may be too low, says Standard Chartered
Over $4 billion in net inflows into spot Bitcoin ETFs in just 3 weeks
MicroStrategy could control over 6% of BTC’s total future supply
Strategic Bitcoin Reserve legislation passed in New Hampshire
Year-end BTC price target remains $200,000
ETF Inflows Signal Institutional Confidence
According to Standard Chartered, U.S. spot Bitcoin ETFs have attracted over $5.3 billion in gross inflows over the past three weeks. When adjusted for hedge fund basis trades—which involve arbitraging price differences between spot and futures markets—the net inflow stands at $4 billion.
This surge in institutional capital suggests a structural shift in Bitcoin demand, led by long-term investment strategies rather than speculative trading.
MicroStrategy’s Bitcoin Accumulation Accelerates
MicroStrategy (MSTR) now holds 555,450 BTC, accounting for 2.6% of Bitcoin’s maximum 21 million supply. The company recently unveiled plans to raise $84 billion to buy even more BTC.
“If successful, MicroStrategy’s share of total future supply could exceed 6%,”
wrote Geoff Kendrick, head of digital asset research at Standard Chartered.
Such concentration of BTC in corporate treasuries is a significant bullish signal, especially when paired with sovereign and institutional interest.
Sovereign Wealth Funds and Central Banks Enter the Scene
Abu Dhabi’s sovereign wealth fund has taken a position in BlackRock’s IBIT ETF
Swiss National Bank and Norges Bank have disclosed MicroStrategy holdings
These developments underscore the growing legitimacy of Bitcoin among traditional financial institutions and central entities.
U.S. States Join the Bitcoin Movement
New Hampshire has become the first U.S. state to pass a Strategic Bitcoin Reserve bill, a move signaling increasing policy alignment around digital assets. This follows similar developments in Missouri and reflects a broader national shift toward Bitcoin integration in public finance.
Standard Chartered: Bitcoin’s Upside Still Intact
While Bitcoin trades around $101,000 at the time of writing, the bank maintains a year-end target of $200,000, driven by:
Sustained ETF demand
Corporate and sovereign accumulation
Regulatory tailwinds
A growing supply squeeze narrative
“With fundamentals aligning and liquidity pouring in, our Q2 target of $120,000 may be too conservative,” the bank concluded.
