Spot Bitcoin ETFs May Boost Bitcoin Price to $200,000 in 2025, Standard Chartered Predicts
Standard Chartered Bank has predicted a significant surge in Bitcoin‘s value, reaching up to $200,000 in 2025 following potential spot Bitcoin exchange-traded fund (ETF) approvals.
According to Standard Chartered Bank’s latest report led by Head of Crypto Research Geoffrey Kendrick, Bitcoin price would grow exponentially once the U.S. Securities and Exchange Commission (SEC) approves the long-anticipated Bitcoin ETF.
The bank’s analysis drew a parallel between the anticipated impact of spot Bitcoin ETFs and the historical influence of gold ETFs on the gold market.
Citing the introduction of the SPDR Gold Shares (GLD) ETF in 2004, the bank demonstrated how gold ETFs substantially increased investor access and resulted in significant inflows.
BREAKING‼️Global banking giant Standard Chartered says $50-$100 BILLION could flow into #Bitcoin ETFs in 2024 pic.twitter.com/yQobJcs6EA
— Bitcoin Archive (@BTC_Archive) January 8, 2024
“When GLD was introduced in November 2004, the total stock of above-ground gold was worth around $2.2 trillion, compared with BTC’s current market cap of $0.86 trillion,” wrote the report. “Adjusting the $88 billion of GLD inflows for relative market caps would suggest $34 billion of inflows to BTC ETFs.”
The $34 billion estimation was projected on the lower end, while the report’s higher speculation reached $130 billion with a range of $50-$100 billion being “reasonable.”
With the massive inflows in sight, Standard Chartered Bank predicted Bitcoin price to surge as gold price did when GLD started trading.
“The price of gold rose 4.3x in the seven to eight years it took for gold ETP holdings to mature after the first ETP was introduced,” wrote the report.
“We expect Bitcoin to enjoy price gains of a similar
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