$BTC

Analysts: institutional demand could drive BTC beyond 200,000 dollars by 2025

The price of Bitcoin could continue to rise thanks to the inflows of exchange-traded funds and institutional demand, as long as the market remains free from events.

The demand from financial institutions could push the price of Bitcoin

to 200,000 dollars per coin by 2025, according to two research reports reviewed by Cointelegraph.

Analysts from Standard Chartered and Intellectia AI indicated that institutional demand for Bitcoin, coming from exchange-traded funds (ETFs) and traders looking to hedge against macroeconomic risks, could cause the price of Bitcoin to more than double this year.

"Although the forecast is optimistic, it is also conditional. Any unforeseen event, from significant regulatory crackdowns to a geopolitical event, could alter trajectories," said Fei Chen, Chief Investment Strategist at Intellectia AI, to Cointelegraph.

Bullish sentiment

The reports come as Bitcoin surpassed 90,000 dollars on April 22 for the first time in six weeks, reflecting that traders are adopting Bitcoin and gold as possible hedges against impending trade wars and geopolitical volatility.

The price action followed the largest daily net inflows into spot Bitcoin ETFs in the U.S. since January.

The 11 U.S. spot BTC funds collectively attracted over 380 million dollars in net inflows on April 21, according to data from CoinGlass.

Intellectia AI noted that the drivers of institutional demand, including corporate buyers of Bitcoin and exchanges like Coinbase and Kraken, could continue to drive positive price action.

Corporate treasuries of Bitcoin already hold about 65 billion dollars in BTC, according to data from Bitcointreasuries.net.