Bitcoin Price Around $200,000 “Achievable” By 2025 End, Standard Chartered Says

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As a seasoned crypto investor with over a decade of experience in this wild and unpredictable market, I’ve seen my fair share of bull runs and bear markets. The recent surge of Bitcoin beyond $100,000 has caught my attention, and I must admit, it’s hard not to get excited about the potential for further gains.

Yesterday, the price of Bitcoin (BTC) soared past the $100,000 mark, fueled by several favorable events this year. This impressive climb has prompted Standard Chartered to forecast that BTC could potentially double in value to around $200,000 by the year 2025.

Bitcoin Can Double In Price By 2025 End, Predicts Standard Chartered

In simple terms, Bitcoin, currently holding a market value exceeding two trillion dollars, has made its way into the one-digit price zone. Following Donald Trump’s win in the U.S. presidency, Bitcoin has seen an impressive surge of 48% since November 5.

Earlier today, Geoff Kendrick, an analyst at Standard Chartered, stated in a note that the bank’s predicted Bitcoin price of approximately $200,000 by the end of 2025 is considered as achievable. He further noted:

If Bitcoin experiences a faster adoption by American retirement funds, international sovereign wealth funds, and perhaps even a U.S. strategic reserve fund, our optimism would grow even stronger. By the year 2025, we anticipate institutional investments to maintain or surpass their pace from 2024. Given that MicroStrategy is progressing faster than its $42 billion three-year plan, it’s likely that their Bitcoin purchases in 2025 will be comparable to or greater than what they bought in 2024.

ARK Invest’s CEO Cathie Wood shares similar views, stressing that even though Bitcoin surpassed $100,000, it is still in its initial stages of development. In a recent post on platform X, Wood expresses optimism about the potential appointment of Paul Atkins, a crypto supporter, as the next head of the Securities and Exchange Commission (SEC).

She also referenced US Federal Reserve (Fed) chairman Jerome Powell’s recent remark describing BTC as a virtual, digital version of gold. Wood compared gold’s total market cap to that of Bitcoin, saying:

As a crypto investor, I find it fascinating to observe the stark contrast between the markets of gold and bitcoin. At around $2,700, gold represents a market cap of roughly $15 trillion. In comparison, bitcoin, even after surpassing $100,000, still resides in its early stages, with a total market value of approximately $2 trillion. This discrepancy underscores the immense potential that bitcoin still holds, as ARK Invest suggests that Bitcoin could be a much more monumental concept than gold.

The graph provided by CoinMarketCap displays the leading assets globally, organized by their overall market value. Gold holds the top spot, boasting a market valuation of nearly $18 trillion; however, Bitcoin (BTC) is swiftly approaching gold’s position. It’s worth mentioning that BTC has already surpassed silver in terms of market capitalization.

The Case For Further Gains In BTC

Despite Bitcoin experiencing a remarkable rise in value this year, some cautious investors might think they’ve already missed out on the opportunity. Nevertheless, the data appears to indicate something different.

Based on a recent analysis, it appears that retail investors have not yet fully jumped into the current crypto market surge. This trend suggests that the current upward trend is primarily driven by institutional investors. If Bitcoin reaches and surpasses $100,000, it could stimulate more interest among individual investors to invest in cryptocurrencies, potentially causing the ongoing market rally to gain even more momentum.

According to a recent forecast by CryptoQuant, it’s possible that Bitcoin could reach an impressive peak of approximately $146,000 during this market cycle. Currently, Bitcoin is trading for around $101,585, marking a 6.9% increase over the past day.

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2024-12-06 10:27