Geoff Kendrick, head of foreign exchange research at Standard Chartered Bank, predicted on Monday that the approval of a Bitcoin spot ETF could increase the price of Bitcoin by more than 300% by the end of 2025, reaching a height of $200,000.

He believes that by the end of this year, up to 50-100 billion U.S. dollars of funds are expected to flow into the U.S. Bitcoin spot ETF, and the number of Bitcoins held by the ETF will be between 437,000 and 1.32 million. In this case, by the end of next year, Bitcoin price will be close to $200,000. #BTC $BTC