Geoff Kendrick from Standard Chartered makes a bold prediction that Bitcoin's price could rise to $150,000 by the end of 2025, partly driven by increasing institutional investments and favorable market conditions.
Geoff Kendrick's Forecast
Geoff Kendrick, Head of Crypto Research at Standard Chartered, speaks of Bitcoin's potential for significant gains. He notes market trends and institutional dynamics that could support such a target. He stated, "Bitcoin can reach $100K in the near term and roughly $200K by the end of 2025... our earlier mid-2025 target 'may be too low' as macro and ETF factors converge."
Impact of ETFs on the Market
Recent market movements have been attributed to increased inflows from Bitcoin ETFs, which have accelerated market liquidity. Such changes reflect on both BTC and associated cryptocurrencies, creating a positive market sentiment.
Cryptocurrency Development and Integration
Bitcoin's supercycle thesis marks a departure from previous market performances, featuring strong ETF and institutional engagement. This trend might indicate evolving market maturation and acceptance among traditional investors. Recent developments like OKX launching operations in Europe highlight a broader acceptance and integration of cryptocurrencies into traditional financial systems.
Analysis of current trends and forecasts indicates that Bitcoin is leading to significant changes in financial markets, potentially resulting in regulatory adaptations and technological growth.
