- Standard Chartered expects $200,000 in Bitcoin by the end of 2025, based on ETF approval.
- Grayscale’s GBTC outperforms 99% of ETFs and trades close to $500 million.
- Meme Moguls, a meme-based stock market, has entered the cryptocurrency world with a rumored pre-sale.
With the cryptocurrency world abuzz with anticipation of the possible approval of a U.S. spot Bitcoin ETF, major companies are making bold predictions. Standard Chartered expects Bitcoin’s target to reach $200,000 by the end of 2025, depending on ETF approval.
At the same time, Grayscale’s Bitcoin Trust (GBTC) is making waves, outpacing most ETFs in trading volume. Meanwhile, a new player, Meme Moguls, is ready to capitalize on the ETF momentum.
$200K Bitcoin Forecast With Standard Chartered’s ETF Approval
Banking giant Standard Chartered has made a surprising prediction about the future of Bitcoin. The multinational predicts that Bitcoin is likely to surge to nearly $200,000 by the end of 2025, driven by the approval and success of its Bitcoin exchange-traded fund (ETF) in the United States. This optimistic prediction, shared by entrepreneur and Bitcoin investor Lark Davis on It’s possible.
The bank’s head of digital assets Geoff Kendrick and precious metals analyst Suki Cooper said a US-listed spot Bitcoin ETF could hold a significant amount of Bitcoin by the end of 2024, potentially increasing its current price by 4.3x. We made this prediction based on the assumption that there is. . Kendrick and Cooper envision an even faster rise for Bitcoin as they anticipate rapid developments in the BTC ETF market, paralleling the growth trajectory of gold exchange-traded products.
Grayscale’s GBTC outperforms ETFs in trading volume.
While Standard Chartered makes forward-looking predictions, Grayscale’s Bitcoin Trust (GBTC) has already proven its considerable capabilities.
According to industry expert Eric Balchunas, GBTC traded close to $500 million on January 8, exceeding more than 99% of the roughly 3,000 existing ETFs. Balchunas points out that if a spot Bitcoin ETF is approved, Grayscale will enter the market with significant trading volume, giving it a significant advantage over its competitors.
$GBTC It’s currently trading close to $500 million, more than 99% of the 3,000 ETFs, and its launch with others reminds us that we’re bringing (mass) guns to the sword fight. That said, the 1.5% fee will act as a deterrent. Another fascinating subplot. pic.twitter.com/506EG3PR7t
— Eric Balchunas (@EricBalchunas) January 8, 2024
Meme Mogules Seize Opportunity Amid ETF Rumors
Amid the buzz around ETFs, a new company called Meme Moguls is entering the space. The platform is positioned as the world’s first meme-based stock market/exchange. As the cryptocurrency community eagerly awaits the potential approval of a spot Bitcoin ETF, Meme Moguls aims to capitalize on the growing interest in the cryptocurrency market.
The Meme Moguls ecosystem is powered by the Meme Moguls Governance Token ($MGLS) and features a variety of meme-inspired assets and engaging community-driven features such as a casino, trading platform, fantasy traders, and a metaverse world called Mogul Land.
Meme Moguls is currently in the pre-sale phase of its MGLS tokens and offers participants the opportunity to participate in the world of meme trading and potentially become part of a groundbreaking utility-based memecoin. With a $10,000 prize at the end of each pre-sale phase and ambitious plans to create 100 millionaires within the first three months of launch, Meme Moguls is setting the bar high.
At the current stage of the pre-sale, participants can access $MGLS for $0.0027 with a total token supply of 3 billion. Analysts predict significant growth for $MGLS, consistent with the overall bullish sentiment in the cryptocurrency market.
conclusion
In a dynamic environment where traditional financial institutions make ambitious predictions, incumbents like Grayscale showcase their real-time strengths, and emerging platforms like Meme Moguls strive to carve out a niche, the cryptocurrency market remains a constantly evolving space. there is.
With interest still lingering over the potential approval of a spot Bitcoin ETF, this development represents an important step in the maturation of the cryptocurrency ecosystem.