{"id":15613,"date":"2025-03-01T01:01:39","date_gmt":"2025-03-01T01:01:39","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=15613"},"modified":"2025-03-01T01:01:39","modified_gmt":"2025-03-01T01:01:39","slug":"bitcoin-crashes-but-standard-chartered-sees-200000-in-2025","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=15613","title":{"rendered":"Bitcoin Crashes, But Standard Chartered Sees $200,000 In 2025"},"content":{"rendered":"
\n

In an interview with CNBC\u2019s Street Signs on February 27, Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered, offered insights on Bitcoin\u2019s recent price decline and laid out a bold forecast for the world\u2019s largest cryptocurrency. Despite near-term volatility, Kendrick expects Bitcoin to reach $200,000 this year and as high as $500,000 before the end of President Trump\u2019s term.<\/p>\n

Bitcoin Crash? No Problem!<\/h2>\n

Kendrick opened the discussion\u00a0<\/a>by noting the influence of political developments on investor sentiment: \u201cSo I think the Trump Administration will be positive medium term. So we came into January 20, hoping for quite a lot and you could argue there was already quite a lot of positivity priced in.\u201d<\/p>\n

He highlighted the immediate post-inauguration shift in regulatory stance\u2014specifically, the removal of SAB 121<\/a>, which he described as having \u201cbeen hampering financial institutions.\u201d Kendrick also addressed the lack of a widely anticipated strategic Bitcoin reserve, replaced instead by a \u201cstockpile\u201d approach. According to Kendrick: \u201cThe stockpile for me is okay because it legitimizes other sovereigns [\u2026] both within the US [and outside]. A number of US states<\/a> are considering holding Bitcoin on their balance sheet.\u201d<\/p>\n

Still, markets have been rattled by fresh uncertainties. Kendrick pointed to ongoing trade war and geopolitical flashpoints: \u201cInitiatives in the last couple of weeks have been very confusing for risk assets [\u2026] tariffs on and off. Canada, Mexico, EU [\u2026] obviously some potential positives coming around Ukraine and or the Middle East but nothing solid really on any of those and risk assets don\u2019t like uncertainty.\u201d<\/p>\n

Within the crypto sphere specifically, he cited the Bybit hack<\/a>, trouble with the Solana meme coin scams, and a generally \u201cconfusing\u201d environment as contributors to the pullback. Kendrick underscored the cascading effect on Bitcoin.<\/p>\n

When asked whether Bitcoin remains a genuine diversifier amid its correlation with equities, Kendrick maintained a nuanced view: \u201cCertainly when we see large moves like we\u2019ve seen in the last few weeks [\u2026] on the negative direction risk assets all trade together [\u2026] Medium-term, I think the diversification story is reasonable [\u2026] The use case for Bitcoin in particular is to diversify against risks around traditional financial markets.\u201d<\/p>\n

Kendrick also addressed the large outflows from the spot ETFs<\/a> since Trump\u2019s inauguration: \u201cEven in the last week, we\u2019ve seen about $3 billion of outflows in terms of ETFs [\u2026] we got to a net position of about $40 billion of inflows over the first 12 months of those ETFs in the US [\u2026] but in the last week or so we\u2019ve seen $3 billion of outflows.\u201d<\/p>\n

He estimates that those who bought Bitcoin post-election in November are now \u201cheavily underwater\u201d to the tune of $2 billion in paper losses. This newer cohort of holders, combined with the sector\u2019s still-robust retail participation, has amplified volatility: \u201cIt\u2019s much more difficult for investors then to hold through losses [\u2026] when you see moves like we saw this week, you tend to get some panic selling.\u201d<\/p>\n

$200,000 Target Still In Play<\/h2>\n

He also reiterated the need for deeper institutional participation\u2014citing banks like Standard Chartered and investment giants such as BlackRock<\/a>\u2014to improve custody solutions and reduce the frequency of such hacks like the Bybit one, leading to damaging headlines:<\/p>\n

\u201cAs the industry becomes more institutionalized it should be safer [\u2026] hopefully we get some regulatory clarity in the US too [\u2026] that should add to that medium-term top side potential which for me is Bitcoin up to $200,000 this year and $500,000 before Trump leaves office.\u201d<\/p>\n

Looking ahead, Kendrick underscored that regulatory clarity\u2014particularly around stablecoin rules and KYC\u2014could trigger a wave of institutional and even sovereign capital inflows. He identified long-term public pension funds and sovereign wealth funds as pivotal market movers, referencing the Abu Dhabi Sovereign Wealth Fund\u2019s purchase<\/a> of 4,700 BTC-equivalent shares in the BlackRock ETF at the end of 2024:<\/p>\n

\u201cThere\u2019s that very long-term sector that is still to participate more [\u2026] and then also Sovereign so the only Sovereign that we know so far has bought the ETFs is Abu Sovereign wealth fund [\u2026] I\u2019d expect more of that to come through this year as well.\u201d<\/p>\n

At press time, BTC traded at $81,428.<\/p>\n

\"Bitcoin<\/div>\n","protected":false},"excerpt":{"rendered":"

In an interview with CNBC\u2019s Street Signs on February 27, Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered, offered insights on Bitcoin\u2019s recent price decline and laid out a bold forecast for the world\u2019s largest cryptocurrency. Despite near-term volatility, Kendrick expects Bitcoin to reach $200,000 this year and as high as $500,000 before […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-15613","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/15613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15613"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/15613\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}