6 months ago
Standard Chartered believes Bitcoin (BTC) could scope $200,000 by the extremity of 2025 arsenic organization investments and anticipated regulatory shifts solidify its presumption arsenic a mainstream asset.
In its latest report, the slope attributed Bitcoin’s surge past $100,000 this twelvemonth to unprecedented organization inflows and projected a wide way for further growth.
Growing interest
StanChart’s caput of integer assets research, Geoffrey Kendrick, highlighted that institutions acquired 683,000 BTC successful 2024, with a important magnitude — 245,000 BTC — purchased successful the weeks pursuing the US election, a play marked by heightened optimism astir regulatory betterment nether the incoming Trump administration.
MicroStrategy unsocial accounted for 213,000 BTC, importantly exceeding its yearly target, portion US spot exchange-traded funds (ETFs) added 470,000 BTC to their portfolios.
According to Kendrick:
“MicroStrategy’s gait of accumulation has exceeded expectations, and its committedness to raising $42 cardinal implicit 3 years indicates further important inflows successful 2025.”
Kendrick said helium anticipates regulatory changes successful aboriginal 2025, including a repeal of SAB 121, the transition of stablecoin legislation, and enactment changes astatine the US Securities and Exchange Commission (SEC), arsenic pivotal for unlocking further organization participation.
These reforms are expected to alteration status funds and pension accounts — representing a $40 trillion marketplace — to allocate a fraction of their assets to Bitcoin. The study noted that adjacent a 1% allocation could thrust inflows worthy $400 billion, with transformative effects connected Bitcoin’s price.
Additionally, the study highlighted the relation of sovereign wealthiness funds, specified arsenic Norway’s NBIM, which indirectly holds 7,000 BTC done its concern successful MicroStrategy. The study besides floated the anticipation of a US strategical Bitcoin reserve fund, a determination that could catalyze broader adoption by different planetary sovereign wealthiness funds.
Lower marketplace volatility
Standard Chartered noted that the motorboat of Bitcoin ETF options successful November has further reduced marketplace volatility, a origin apt to pull much accepted concern players. The increasing entreaty of Bitcoin arsenic a portfolio plus is reflected successful metrics specified arsenic MicroStrategy’s marketplace cap-to-Bitcoin holdings ratio, which has tripled this year, signaling excess demand.
Additionally, the imaginable for firm treasuries and planetary investors to deepen their Bitcoin vulnerability has accrued with the occurrence experienced by companies similar Japan’s Metaplanet and Germany’s Acurx Pharmaceuticals. Both firms person made caller Bitcoin investments, portion Microsoft’s committee is acceptable to vote connected a akin move this month.
While challenges remain, including the velocity of regulatory implementation and broader adoption among blimpish plus managers, Standard Chartered reaffirmed its confidence successful Bitcoin’s upward trajectory.
According to the lender:
“Bitcoin’s constricted marketplace capitalization, comparative to imaginable organization demand, positions it uniquely for outsized growth.”
The station StanChart updates Bitcoin terms projection to $200k by 2025-end appeared archetypal connected CryptoSlate.
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