Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»TRADING NEWS»Standard Chartered predicts $200,000 worth of Bitcoin through ETF approval.
TRADING NEWS

Standard Chartered predicts $200,000 worth of Bitcoin through ETF approval.

By Crypto FlexsJanuary 10, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Standard Chartered predicts 0,000 worth of Bitcoin through ETF approval.
Share
Facebook Twitter LinkedIn Pinterest Email

ETF Hopeful Bold Predictions

Multinational banking giant Standard Chartered has made a surprising prediction that Bitcoin (BTC) could soar to nearly $200,000 by the end of 2025, following the approval and success of a Bitcoin exchange-traded fund (ETF) in the United States. This forecast hinges on the belief that spot Bitcoin ETFs could attract $50 billion to $100 billion in inflows in 2024.

Basics of Forecasting

Standard Chartered’s head of digital assets Geoff Kendrick and precious metals analyst Suki Cooper based this forecast on the assumption that US-listed spot Bitcoin ETFs could hold between 437,000 and 1.32 million bitcoins by the end of 2024. reportshared by

Drawing parallels with gold ETFs

Kendrick and Cooper draw parallels with the history of gold exchange-traded products (ETPs), which experienced similar growth over seven to eight years after their launch in November 2004. However, they expect Bitcoin’s growth to accelerate even further, potentially materializing over a year or more. Considering the rapid development of the BTC ETF market, it has been extended to 2 years.

Bitcoin’s “watershed moment”

The approval of a spot Bitcoin ETF is seen as a key moment in normalizing Bitcoin participation. This sentiment is consistent with Standard Chartered’s previous prediction that Bitcoin would reach $100,000 by the end of 2024.

Beyond ETFs: Enhanced Bitcoin Network Fundamentals

Blockchain strategist Jamie Coutts highlights Bitcoin’s strengthened network fundamentals as another key factor. Coutts points out that Bitcoin’s network base is at an all-time high, including new use cases like inscriptions. This suggests that Bitcoin is currently undervalued, despite being 40% below its peak.

Contrasting views from Bloomberg Intelligence

In contrast to Standard Chartered’s optimistic outlook, Mike McGlone, chief macroeconomic strategist at Bloomberg Intelligence, expressed skepticism. Speaking on the Macro Monday talk show, McGlone warned that Bitcoin, a risky asset, may not be able to sustain its upward trend following the ETF’s approval. He advised caution, pointing to the historical pattern of risky assets declining following such hype-driven rallies.

Balance between optimism and caution

Standard Chartered’s forecast presents a bullish outlook for Bitcoin, but it is important for investors and market observers to balance this optimism carefully. The potential approval of a Bitcoin ETF could indeed be a game-changer for the cryptocurrency, but market reaction and broader economic factors will ultimately dictate Bitcoin’s trajectory going forward.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

Why I am still optimistic despite noise

June 26, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

The Ether Leeum price chart aims to be $ 4K as the transaction fee reaches the three -month high.

May 23, 2025

Shiba Inu team creates buzz with airdrop for Shibarium users

May 29, 2024

Meet Nybble: the cutest and smartest robot cat you’ll ever need in your life! – DeFi information

January 26, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.