StanChart Forecasts BTC to Hit $150K by Year-End, Eyes $250K High by 2025

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In the wake of Bitcoin’s latest all-time high, Standard Chаrtered has significantly updated its financial forecasts, indicating a stronger bullish outlook for the leading crypto.

The bank now predicts a striking 50% increase from its previous forecast, anticipating that Bitcoin (BTC) will reach a monumental $150,000 by the end of 2024. This revised projection marks a substantial uplift from last year’s estimate, which pegged Bitcoin at a $100,000 value by year-end.

The optimism doesn’t stop there. StanChart sees Bitcoin’s value soaring to $200,000 by 2025, especially if Spot Bitcoin ETF inflows maintain their steady momentum. This projection is underpinned by what Standard Chartered describes as “sharper-than-expected price gains” over the current year, coupled with the anticipation of the upcoming Bitcoin Halving event on the cryptocurrency’s valuation.

The bank’s analysis draws a compelling parallel between the trajectory of Bitcoin’s price and the historical movement of gold prices following the introduction of gold exchangе-traded funds (ETFs) in the U.S.

Moreover, Stand Chart extends its optimistic forecasts, hinting at a potential surge in Ether prices. The bank suggests that Ether could ascend to $8,000 by the end of the year, contingent upon the approval of ETH ETFs in the U.S.

Standard Chartered’s ambitious forecasts underscore a growing confidence in the crypto market’s potential, highlighting the significant impact of ETF inflows and regulatory milestones on the future of valuations.

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SAHA

Saha is a cryptocurrency journalist specializing in blockchain technology and digital finance.

Saha holds positions in BTC. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is the official publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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