The cryptocurrency market has been going through ups and downs for the last decade. Naturally, the leading cryptocurrency Bitcoin is leading these ups and downs. As the market continues to evolve, industry experts predict that there will be a significant inflow of funds into the Bitcoin market following the approval of a spot Bitcoin ETF. In this context, Standard Chartered predicts an inflow of 50-100 billion dollars in 2024. He estimates that this will increase the BTC price to 200 thousand dollars by 2025.
Why does Standard Chartered predict $50-100 billion inflows?
Standard Chartered’s estimate is based on several factors. First, approval of a spot Bitcoin ETF would provide institutional investors with a regulated and secure way to invest in BTC. This will open the market to a new pool of investors who were previously hesitant to invest due to regulatory or security concerns.
Second, the approval will provide retail investors with an easier way to invest in Bitcoin. Because they will not have to go through the process of purchasing and storing the digital asset themselves. This will lead to an increase in demand for BTC, increasing its price.
Bitcoin price will rise to $200,000 by 2025
Standard Chartered predicts that the Bitcoin price could reach a staggering $200,000 by the end of 2025. This represents a significant increase from its current value. It’s also a target many times above the previous all-time high. However, this prediction of the bank depends on the approval of the spot Bitcoin ETF by the US Securities and Exchange Commission (SEC). If approved, institutional investors will have a safe and regulated way to invest in Bitcoin. This will potentially raise prices and increase regulations.
Meanwhile, although some experts are optimistic about the future of Bitcoin, there are also different theses. Therefore, such predictions need to be approached with caution. cryptokoin.comAs you can follow from , cryptocurrency markets have a highly variable structure. Additionally, past performance is certainly not indicative of future results. This prediction from Standard Chartered will likely have a positive impact on the crypto market. Because SEC approval will provide institutional investors with a safe way to invest in Bitcoin. This will definitely increase the price of Bitcoin, according to most experts. It is clear that Bitcoin ETF approval has the potential to revolutionize the cryptocurrency market and pave the way for greater adoption by mainstream institutions.
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