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News

Standard Chartered Bank Predicts Bitcoin Will Surge to $200,000 by 2025

December 5, 2024 - Around 2 mins mins to read

Key Points:

  • Analysts from Standard Chartered Bank forecast Bitcoin’s price could double to $200,000 by 2025.
  • Institutional adoption and Bitcoin’s role as a hedge against inflation are key factors behind the bullish outlook.
  • With $870 billion in assets under management, the bank’s prediction carries significant weight in the financial world.
Standard Chartered Bank, a worldwide asset manager with $870 billion in assets under management, has made a very unconservative prediction for Bitcoin.
Standard Chartered Bank Predicts Bitcoin Will Surge to $200,000 by 2025

Bitcoin Price Forecast to Double by 2025

In its latest report, the bank says Bitcoin’s price could double to the astonishing value of $200,000 before the end of 2025. The financial giant has pegged this optimistic projection on a combination of factors, including growing institutional adoption, Bitcoin being a hedge against inflation, and limited supply. As the cryptocurrency market matures, Standard Chartered Bank believes that Bitcoin will eventually be perceived as “digital gold” and be more attractive to long-term investors.

Geoffrey Kendrick, head of crypto research at the bank, emphasized the unique advantages inherent in Bitcoin, saying, “Scarcity combined with decentralization cements Bitcoin’s status as the haven asset.” Kendrick states, “Bitcoin continues to outshine traditional financial instruments, especially during macroeconomic uncertainty.

Read more: Standard Chartered Bank Predicts Bitcoin Soars to $250,000 by 2025!

The Role of Limited Supply in Bitcoin’s Future Price Appreciation

Standard Chartered Bank also hedged it would not be a smooth road to $200,000. The market is still highly volatile, and external factors such as regulation changes and macro conditions might impact where Bitcoin goes.

This bullish projection has sparked excitement among crypto enthusiasts and investors. With Bitcoin currently trading at approximately $35,000, a move to $200,000 represents a massive opportunity for new and seasoned investors to capitalize on the anticipated growth.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Annie

Championing positive change through finance, I’ve dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. “Invest in a better future,” I often say. That’s the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.