The bitcoin halving has passed, but fluctuations in the price of the flagship crypto continue to muddy the waters for investors. Faced with this uncertainty, financial analysts are more than ever on the lookout. Experts are increasing their efforts to make more precise predictions. The Standard Chartered firm also took part in this exercise with particularly promising projections. According to this renowned bank, the future looks bright for the queen of cryptos.
Standard Chartered projects historic bitcoin rise to $150,000
The price of bitcoin could reach $150,000 by the end of the year according to Geoff Kendrick of Standard Chartered. This estimate draws on favorable market patterns and observations of past trends, including large increases following halving events, where limited supply has typically stimulated higher prices.
Bitcoin is currently down 11% from its March high of $73,000. This decline is attributed to external factors such as slowing inflows into Bitcoin ETFs and international tensions. However, according to Geoff Kendrick's outlook, this phenomenon is temporary and the bullish potential of bitcoin remains intact.
Long-term projections from the head of digital assets research at Standard Chartered are also promising. The expert envisions a rise in the price of bitcoin to $250,000 by 2025, a 266% increase from current levels.
The basis of Standard Chartered's predictions
Bitcoin ETFs have generated around $12 billion since their approval in the United States in January. These figures show robust interest in these assets, although the current market reflects some caution among investors. According to predictions from Standard Chartered, flows into Bitcoin ETFs could increase significantly to between $50 billion and $100 billion in the next two years.
This planned expansion of investments reflects a maturation of the US crypto market, which is expected to increase the popularity and legitimacy of bitcoin as an investment option. This growth in ETFs is seen as a key indicator of institutional and individual adoption of the crypto king, which is, in turn, expected to push bitcoin prices higher thanks to increased demand.
Despite recent declines in the price of bitcoin, linked to geopolitical uncertainties and fluctuating investment dynamics, Standard Chartered's forecast remains resolutely positive. The firm believes that current trends are only temporary and that the market is on its way to recovery and substantial growth.
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