This Analyst Says Bitcoin Could Reach $200K By End of 2025
Standard Chartered’s Global Head of Digital Assets Research Geoff Kendrick says that Bitcoin‘s (CRYPTO: BTC) value could surge to $200,000 by the end of 2025.
What Happened: A research note by Kendrick released on Thursday indicates that Bitcoin’s recent rally, surpassing the $100,000 mark, is primarily driven by institutional investors.
These investors are increasingly drawn towards spot ETFs, while MicroStrategy, a firm with a focus on Bitcoin development, has been rapidly acquiring the asset.
Kendrick projects that institutional flows will continue at or above the current pace until 2025. He also suggests that regulatory changes under President-elect Donald Trump could potentially amplify these flows.
“In 2025, we expect institutional flows to continue at or above the 2024 pace. Against this backdrop, …
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