$BTC for the rich to become richer

Europapress

Standard Chartered expects bitcoin to soar to $200,000 by the end of 2025

The British bank Standard Chartered expects the price of bitcoin to reach $135,000 (€114,447) by the end of the third quarter of this year and to reach around $200,000 (€169,551) by the end of 2025.

According to a report published this Wednesday by 'Investing', the institution is optimistic about the price of the cryptocurrency due to flows from ETFs and corporate bonds, as well as favorable regulation from the United States. Bitcoin is trading today at $109,500 (€92,929).

"Strong inflows drove price increases in the second quarter. U.S. ETFs recorded inflows of $12.4 billion (120,000 BTC) during the quarter, and corporate treasury holdings contributed 125,000 BTC," explained Standard Chartered analyst Geoff Kendrick.

The expert believes that ETF and corporate treasury purchases, which amounted to 245,000 BTC in the second quarter, will be even greater in the third. ETF acquisitions have been "particularly strong" with $48.7 billion (€41.286 billion) in net purchases since their inception in January 2024.