{"id":3825,"date":"2024-12-06T07:31:35","date_gmt":"2024-12-06T07:31:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3825"},"modified":"2024-12-06T07:31:35","modified_gmt":"2024-12-06T07:31:35","slug":"bitcoin-price-around-200000-achievable-by-2025-end-standard-chartered-says","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3825","title":{"rendered":"Bitcoin Price Around $200,000 \u201cAchievable\u201d By 2025 End, Standard Chartered Says"},"content":{"rendered":"
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Bitcoin (BTC) price surged beyond $100,000 yesterday, propelled by multiple positive developments throughout the year. The flagship cryptocurrency\u2019s ascent has led Standard Chartered to predict that BTC could double in price to $200,000 by the end of 2025.<\/p>\n

Bitcoin Can Double In Price By 2025 End, Predicts Standard Chartered<\/h2>\n

Bitcoin, the top digital asset with a market cap of more than $2 trillion when writing, has finally entered the six-figure price territory. Reinvigorated<\/a> by Donald Trump\u2019s victory in the US presidential election, BTC has climbed a remarkable 48% since November 5.<\/p>\n

In a note<\/a> shared earlier today, Standard Chartered analyst Geoff Kendrick remarked that the firm\u2019s BTC target by end of 2025 of around $200,000 is \u201cachievable.\u201d The analyst added:<\/p>\n

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We would turn even more bullish if BTC saw more rapid uptake by U.S. retirement funds, global sovereign wealth funds, or a potential US strategic reserve fund. In 2025, we expect institutional flows to continue at or above the 2024 pace. MicroStrategy is running ahead of its USD 42 billion three-year plan, so its purchases in 2025 should match or exceed its 2024 purchases.<\/p>\n<\/blockquote>\n

ARK Invest CEO Cathie Wood had similar thoughts as she emphasized that despite Bitcoin hitting the $100,000 milestone, the digital asset is still in the \u201cearly innings.\u201d In a post<\/a> on X, Wood sounded optimistic about appointing pro-crypto Paul Atkins as the next Securities and Exchange Commission (SEC) chief.<\/p>\n

She also referenced US Federal Reserve (Fed) chairman Jerome Powell\u2019s recent remark describing BTC as a virtual, digital version of gold. Wood compared gold\u2019s total market cap to that of Bitcoin, saying:<\/p>\n

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At $2,700, gold is a ~$15 trillion market, compared to bitcoin at only ~$2 trillion. Even after breaking through $100,000, bitcoin still is in early innings. Indeed, ARK Invest believes that Bitcoin is a much bigger idea than gold.<\/p>\n<\/blockquote>\n

The chart below from CoinMarketCap shows the top assets in the world ranked by total market cap. While gold reigns supreme with a market cap of almost $18 trillion, BTC is steadily catching up with the precious metal. Notably, BTC has already surpassed silver in market cap.<\/p>\n

\"asset<\/p>\n

The Case For Further Gains In BTC<\/h2>\n

Although Bitcoin has had an impressive year in price action, many sidelined investors may believe they have missed the boat. However, data seems to suggest quite the opposite.<\/p>\n

According to a recent report<\/a>, retail investors have yet to fully join the ongoing crypto bull market, suggesting the current rally is largely led by institutional investors. BTC surpassing the $100,000 price level may spark some interest in retail investors to begin buying cryptocurrencies and further fuel the current market rally.<\/p>\n

A recent analysis by CryptoQuant predicts<\/a> that Bitcoin may top $146,000 in this cycle. BTC trades at $101,585 at press time, up 6.9% in the past 24 hours.<\/p>\n

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

Bitcoin (BTC) price surged beyond $100,000 yesterday, propelled by multiple positive developments throughout the year. The flagship cryptocurrency\u2019s ascent has led Standard Chartered to predict that BTC could double in price to $200,000 by the end of 2025. Bitcoin Can Double In Price By 2025 End, Predicts Standard Chartered Bitcoin, the top digital asset with […]<\/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-3825","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\/3825","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=3825"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3825\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}