Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
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

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Why experts say that 99%of the traders are wrong

September 4, 2025

TOKEN2049 Singapore stops all records with the world’s largest Web3 event with 25,000 attendees in unprecedented demand.

September 3, 2025
Add A Comment

Comments are closed.

Recent Posts

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 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

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025
Most Popular

5 things you need to know about Bitcoin this week

December 18, 2023

Bitfinex Alpha | As geopolitical conditions worsen, spot trading drives market momentum.

December 30, 2023

Leverage YOLOv8 and NVIDIA JetPack 6.0 for improved traffic insights

June 19, 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.