Bitcoin Set To Hit $200,000 By End Of 2025, Says Standard Chartered
Posted On December 5, 2024
Bitcoin (NASDAQ:BTC) could reach an impressive $200,000 by the end of 2025, driven by surging institutional inflows and greater adoption by traditional financial institutions, according to Standard Chartered‘s Geoffrey Kendrick.
What Happened: Kendrick highlighted the robust institutional demand that has propelled Bitcoin past the $100,000 mark this year, with expectations for even greater momentum in the years ahead.
“Institutional inflows into Bitcoin have dominated 2024, with net purchases reaching 683,000 BTC year-to-date,” Kendrick said in a note shared with Benzinga. “We believe these flows will continue at or above this pace in 2025, driven by regulatory changes and increasing participation …
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