Standard Chartered offered its prediction for the price of Bitcoin once the new spot ETFs are approved: over 200 thousand dollars by 2025!

Standard Chartered “prices” Bitcoin

The banking giant Standard Chartered recently published a report in which it offers its prediction on the price of Bitcoin once the new spot ETFs are approved.

In general, significant capital inflows into ETFs are expected throughout 2024, such that the price of BTC could reach up to $200,000 by the end of 2025.

The approval by the SEC, moreover, is now taken for granted, and analysts just have to delve deeper into the implications of the launch of the new product, aimed at involving institutions in the crypto market.

A yardstick for trying to predict price movement is offered by gold-based ETPs, the price of which increased significantly following the launch of the product. And it is thought that BTC could grow even faster. Moreover, estimated inflows are between 50 and 100 billion dollars for the current year.

ETF launch pad for BTC?

With the launch of the first gold ETP in 2004, the commodity recorded a growth of 4.3 times its initial value in just seven years. But considering a more rapid development more than likely, the same results could be achieved by BTC in just two years.

Furthermore, the new ETFs would mark a fundamental step by institutions in the crypto market, no longer a question of a community of investors, but a business for the giants of traditional finance, who in turn will always involve new ones.

Compared to a more short-term vision, however, BTC could reach the $100,000 threshold by 2024. Consequently, between 437 thousand and 1.32 million Bitcoins could be stored in US ETFs, equivalent to approximately $50-100 billion.

Here is their research paper where they show the data: