Standard Chartered’s Global Head of Digital Assets Research, Geoff Kendrick, says Bitcoin’s recent rally past $100,000 is primarily driven by institutional investors. According to a research note released on Thursday, these investors are increasingly drawn to spot ETFs and MicroStrategy’s aggressive Bitcoin acquisition strategy.
Kendrick projects that institutional flows will continue at or above the current pace until 2025. He also suggests that regulatory changes under President-elect Donald Trump could amplify these flows, potentially driving Bitcoin’s value even higher.
The company’s Bitcoin holdings have increased by 150,000 Bitcoins since Election Day, valued over $40.5 billion. Kendrick predicts a rise in Bitcoin allocations by pension funds to spot ETFs in 2025, which could further solidify Bitcoin’s position in the investment landscape.
Despite a recent dip, Bitcoin’s price remains above $100,000, fueling optimism among some analysts about its short-term prospects. The predicted surge in Bitcoin’s value is significant as it indicates growing confidence in the cryptocurrency’s potential for high returns.
Increased interest from institutional investors and regulatory changes could further drive Bitcoin’s value. MicroStrategy’s aggressive acquisition strategy underscores the growing acceptance and adoption of Bitcoin as a viable investment.
Source: https://www.benzinga.com/markets/cryptocurrency/24/12/42380983/this-analyst-says-bitcoin-could-reach-200k-by-end-of-2025