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Geoff Kendrick, Head of FX Research at Standard Chartered, has issued a bullish forecast for Bitcoin, suggesting that the approval of Bitcoin spot exchange-traded funds (ETFs) could catapult the cryptocurrency to record-breaking highs.
In a recent analysis, Kendrick projected that regulatory approval might drive Bitcoin’s value up by over 300% by the end of 2025, potentially reaching $200,000 per BTC.
Bitcoin ETF Approval: A Watershed Moment for Wall Street
The financial world is closely watching the Securities and Exchange Commission’s (SEC) impending decision on Bitcoin ETFs, with a ruling expected imminently. This milestone could mark a pivotal step toward integrating Bitcoin into mainstream financial markets.
Key Projections:
- Price Target: $200,000 by end-2025.
- ETF Inflows: $50–$100 billion in 2024 alone.
- BTC Holdings: 437,000–1.32 million additional Bitcoins held in US spot ETFs by 2024.
“We use this 4.3x increase as basis for Bitcoin, but we expect BTC gains to occur during a short one- to two-year period because we expect the BTC ETF market to mature more quickly.”
— Geoff Kendrick, Standard Chartered
👉 Why Bitcoin ETFs Could Revolutionize Crypto Investments
Accelerated Growth Compared to Gold ETPs
While gold ETPs took nearly a decade to achieve similar gains post-launch (2004), Standard Chartered anticipates Bitcoin’s ascent to be dramatically faster—within 1–2 years. This optimism stems from the evolving maturity of the crypto ETF market and heightened institutional interest.
Current Bitcoin Metrics (as of January 2024):
| Metric | Value |
|-----------------|---------------------|
| Price | $46,650 |
| Market Cap | $860 billion |
Analyst Optimism: S2F Model Predicts $532K BTC
The Stock-to-Flow (S2F) model, a respected Bitcoin valuation tool, forecasts even more aggressive growth:
- 2024: $100,000+
- 2025: $532,000 post-halving
“Today, BTC is $40K, and S2F model predicts $532K after 2024 halving. People say it is impossible.”
— PlanB (@100trillionUSD)
FAQ: Bitcoin’s Future and ETF Impact
1. What drives Standard Chartered’s $200K BTC prediction?
- Expected ETF inflows ($50–$100B) and rapid market maturation.
2. How does Bitcoin’s potential growth compare to gold ETPs?
- Bitcoin could achieve in 1–2 years what took gold ETPs 7–8 years.
3. What is the S2F model’s outlook?
- $532K by 2025, driven by halving events and ETF demand.
4. Could ETF approval trigger a BTC price surge?
- Yes, institutional investment may push BTC to new highs.
👉 Exploring Bitcoin Halving: What Investors Need to Know
Caution Amid Optimism
While projections are exhilarating, Standard Chartered notes the inherent volatility of crypto markets. Historical parallels (e.g., gold ETPs) remind investors that past performance doesn’t guarantee future results.
Editorial Process: Bitcoinist prioritizes accuracy, with rigorous reviews by tech experts and editors. Learn more.
Edited by Christian Encila, a finance journalist and crypto enthusiast.
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