Standard Chartered Bank shakes the crypto world again!
Their Head of Digital Asset Research, Geoff Kendrick, projects that the price of Bitcoin (BTC) will soar to US$200,000 by the end of 2025!
Kendrick is optimistic Bitcoin will:
Setting a new All-Time High (ATH) of US$109,000 in the near future
Up 100% this year
Heading towards US$200,000 thanks to various major driving factors
Why Could Bitcoin Explode?
1. Uncertainty regarding The Fed: Market concerns are rising, especially after Trump threatened to fire The Fed Chair, Jerome Powell. This drives asset flight into Bitcoin.
2. Institutional Demand Soars: Inflows into Bitcoin ETFs continue to grow, providing strong evidence that large investors are increasingly aggressive in adding positions.
Latest Data:
As of April 22, Bitcoin ETFs recorded a fantastic inflow: US$912.70 million!
Over the last 3 months, the average inflow recorded was US$248.70 million — source: CoinMarketCap.
Is Bitcoin really ready to reach US$200,000?
Looking at Standard Chartered's previous accurate predictions, many eyes are now on Bitcoin.
Market momentum, institutional adoption, and global economic uncertainty are the major fuel towards this crazy target!