While the financial world waits to see when and which Bitcoin spot ETF applications receive approval, Standard Chartered Bank issued a prediction on Monday that the price of Bitcoin will top $200,000 by the end of 2025.

“If ETF-related inflows materialise as we expect, we think an end-2025 level closer to [$200,000] is possible,” the head of financial research at Standard Chartered Bank, Geoffrey Kendrick, said in a note to investors.

Bitcoin ETFs track the current price of Bitcoin and are designed to follow Bitcoin’s price swings, giving investors exposure without the need to buy and store the digital asset itself. Bitcoin ETFs are managed by an investment firm that holds the Bitcoin.

BlackRock, Grayscale, Ark, iShares, Bitwise, VanEck, Wisdomtree, Invesco, Fidelity, and Franklin have ETFs in the final approval process.

Kendrick said the 2025 prediction is consistent with their previous estimates of $100,000 by the end of 2024.

“ETF approval is a key driver of BTC price upside,” Kendrick said. “We see this as a watershed moment for normalizing Bitcoin participation by institutional money, and

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Author: Jason Nelson

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