Not long after Bitcoin’s climb past $100,000, some analysts are predicting that the asset’s price could double in a year’s time.

In a Thursday research note, Standard Chartered’s Global Head of Digital Assets Research Geoff Kendrick wrote that Bitcoin’s record-setting rally has been bolstered primarily by flows from institutional investors, who are flocking to spot ETFs. Meanwhile, the laser-eyed, Bitcoin-buying firm MicroStrategy has been vacuuming up the asset at a faster-than-expected clip.

“In 2025, we expect institutional flows to continue at or above the 2024 pace,” Kendrick wrote, noting that regulatory shifts under President-elect Donald Trump could stoke stronger flows. “Against this backdrop, we think our end-2025 Bitcoin price target around the $200,000 level is achievable.”

Since MicroStrategy, a self-described Bitcoin development firm, unveiled a $42 billion plan to buy Bitcoin over the next three years using equity and debt, the company has been “running well ahead” of schedule, Kendrick wrote. Indeed, the company’s trove of 402,100 Bitcoin, worth over $40.5 billion, has grown by 150,000 Bitcoin since Election Day—a more than $15 billion jump.

Go to Source to See Full Article
Author: André Beganski