Standard Chartered Forecasts Bitcoin to Hit $200,000 by 2025 Amid Trump's Crypto-Friendly Policies
by aria-crypto.com
November 6, 2024 at 14:47
Standard Chartered Forecasts Bitcoin to Hit $200,000 by 2025 Amid Trump's Crypto-Friendly Policies
Standard Chartered predicts that Bitcoin’s recent surge past $75,000 is only the initial phase of a significant bullish trend. The bank's Head of Global Digital Assets Research, Geoff Kendrick, forecasts a rise to $125,000 by the end of this year and $200,000 by the end of 2025. This optimism is fueled by Donald Trump's re-election and his pro-Bitcoin stance, including plans to dismiss the current SEC Chairman and establish a national strategic Bitcoin reserve.
Trump's administration is seen as a positive shift from Joe Biden's less favorable crypto policies, encouraging further investments into the sector. Kendrick noted a burgeoning interest in Bitcoin options, anticipating a rise to $80,000 in the forthcoming weeks due to intense investor activity. Standard Chartered also highlighted the impact of newly launched spot Bitcoin ETFs, which have amassed about $24 billion in net inflows since January.
These developments, along with potential new stablecoin regulations under Trump’s governance, are expected to greatly expand the crypto market and push BTC prices to unprecedented heights.
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