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In summary
- Standard Chartered projects that Bitcoin could reach $200,000 by 2025, driven by institutional investors and spot ETFs.
- MicroStrategy has accelerated its Bitcoin purchases, acquiring 150,000 BTC since the election, valued at more than $15 billion.
- Bitcoin price experienced volatility after surpassing $100,000, falling as low as $93,000 before recovering to $102,000.
Shortly after Bitcoin’s rise beyond $100,000, some analysts predict that the asset’s price could double within a year.
In a research note on Thursday, Standard Chartered’s Global Head of Digital Asset Research Geoff Kendrick wrote that Bitcoin’s record rally has been bolstered primarily by flows from institutional investors, who are flocking to ETFs. spot. Meanwhile, MicroStrategy, the laser-eyed company that buys Bitcoin, has been absorbing the asset at a faster rate than expected.
“In 2025, we expect institutional flows to continue at or above the pace of 2024,” Kendrick wrote, noting that regulatory changes under President-elect Donald Trump could spur stronger flows. “In this context, we think that our Bitcoin price target for the end of 2025 around the $200,000 level is achievable.”
Since MicroStrategy, a self-described Bitcoin development company, revealed an investment plan to purchase $42 billion in Bitcoin over the next three years, using equity and debt, the company has been “well ahead” of schedule, Kendrick noted. . In fact, the company’s 402,100 BTC hoard, valued at more than $40.5 billion, has grown by 150,000 Bitcoin since Election Day—a jump of more than $15 billion.
As for Bitcoin flows beyond MicroStrategy, the Standard Chartered analyst sees pension funds allocating to Bitcoin spot ETFs at a high rate in 2025. Whether US retirement funds or sovereign wealth funds With global markets seeing notable allocations as well, Standard Chartered would become even more bullish on the price of Bitcoin, Kendrick wrote.
As one of President-elect Donald Trump’s many crypto promises, a US Bitcoin strategic reserve would also be particularly bullish, Kendrick added, although he sees it as a “low probability” event.
On Wednesday, Coinbase CEO Brian Armstrong wrote on X (formerly known as Twitter) that “every government” should consider establishing a strategic Bitcoin reserve.
While the Standard Chartered analyst focused on the price of Bitcoin by the end of 2025, others focused on what the move above (and below) $100,000 could mean in the short term.
Matt Mena, a crypto research strategist at 21Shares, pointed to the $100,000 mark as a key psychological milestone for Bitcoin on Thursday. In a statement, it said the historic advance could “attract a new wave of investors” who had previously been on the sidelines.
However, those already in the Bitcoin market could take profits as the asset crosses the $100,000 barrier, according to Brent Kenwell, an investment analyst at eToro. In a statement Thursday, he said, “It wouldn’t be surprising to see Bitcoin—which is up more than 40% since the election—see a bit of a pause.”
After reaching a high of around $103,600 on Thursday, the price of Bitcoin fell as low as $93,000. But on Friday afternoon, BTC again touched $102,000 after slowly rising following Thursday’s surprise flash crash, and still remains above the $100,000 mark as of this writing.
Prior to the asset’s fall below Wednesday’s all-time mark, FXTM Senior Market Analyst Lukman Otunuga had said in a statement that a deeper correction could be on the way. That prediction quickly turned out to be accurate.
“A strong weekly close above $100,000 could signal further upside,” he wrote. “However, if prices fall below this key level—bears could target $95,000.”
Edited by Andrew Hayward
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