UK-based giant banking group Standard Chartered thinks Bitcoin will reach $150 thousand by the end of the year.
Standard Chartered makes its year-end price forecast for Bitcoin From 100 thousand dollars to 150 thousand dollars raised it. In a report published via e-mail on Monday, March 18, Standard Chartered Bank analysts led by Geoffrey Kendrick wrote, in particular, that spot Bitcoin ETF approval The ensuing corporate volume was pointed out.
Spot Bitcoin exchange-traded fund (ETF) inflows to 75 billion dollars Analysts predict that Bitcoin can reach It can rise up to 250 thousand dollars in 2025 noted.
Another point that attracted attention was the comparison of spot Bitcoin ETFs with gold ETFs. It was stated that in a reality where investors hold 80% gold and 20% Bitcoin in their portfolios, the price of Bitcoin will inevitably rise:
Thinking through the gold analogy, these prices point to a clearer area for predicting the ‘correct’ Bitcoin price level in the medium term, both in terms of ETF impact and optimal portfolio mix. Assuming the gold price remains unchanged, the BTC price would need to rise to $190,000 for BTC’s share to rise to the 20% specified in our portfolio optimization. If ETF inflows reach our midpoint estimate of $75 billion and/or reserve managers buy BTC, we see a good chance of surpassing the $250,000 level at some stage in 2025.