Standard Chartered predicts $200,000 worth of Bitcoin by end of 2025 if ETFs are approved
THE bank do THE forecast base on It is waiting that place Bitcoin AND F could attract influx of $50-100 billion In 2024.
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Multinational bank Standard Approved predicted that Bitcoin (BTC) could reach almost $200,000 by THE END of following year if Bitcoin exchange traded funds are approved And are successful In THE United States.
THE bank base THE price prediction on THE assumption that between 437,000 And 1.32 million Bitcoin, will be detained In Listed in the United States place Bitcoin AND F by THE END of 2024. THE farm estimates This has assimilate between $50-100 billion In influx.
"If Linked to ETFs influx materialize as We to wait for, We think A end of 2025 level closer has USD 200,000 East possible," said Standard Approved head of digital assets Geoff Kendrick And precious metals analyst Suki Cooper In A Jan. 8 report, which has has been sharing on X (Previously Twitter).
Standard Approved assignment a few moon mathematics! $200,000 future pic.twitter.com/IQeMhjgiP
— Lark Davis (@TheCryptoLark) January 9, 2024Kendrick And Cooper's $200,000 prediction means that Bitcoin must increase 4.3 times Since It is current price of $47,000.
However, THE Standard Approved executives note THE value of gold exchange traded some products multiplied by This 4.3 figure around Seven has eight years After gold AND P were spear In November 2004.
"We to wait for Bitcoin has appreciate price earnings of A similar magnitude as A result of WE place ETFs approval, but We see these earnings materialize on A shorter (A- has two years) period, given OUR see that THE BTC ETFs walk will develop more quickly. »
Kendrick And Cooper said they see place Bitcoin ETFs approvals as A "water...
THE bank do THE forecast base on It is waiting that place Bitcoin AND F could attract influx of $50-100 billion In 2024.
News
Join
We
on
social
networks
Multinational bank Standard Approved predicted that Bitcoin (BTC) could reach almost $200,000 by THE END of following year if Bitcoin exchange traded funds are approved And are successful In THE United States.
THE bank base THE price prediction on THE assumption that between 437,000 And 1.32 million Bitcoin, will be detained In Listed in the United States place Bitcoin AND F by THE END of 2024. THE farm estimates This has assimilate between $50-100 billion In influx.
"If Linked to ETFs influx materialize as We to wait for, We think A end of 2025 level closer has USD 200,000 East possible," said Standard Approved head of digital assets Geoff Kendrick And precious metals analyst Suki Cooper In A Jan. 8 report, which has has been sharing on X (Previously Twitter).
Standard Approved assignment a few moon mathematics! $200,000 future pic.twitter.com/IQeMhjgiP
— Lark Davis (@TheCryptoLark) January 9, 2024Kendrick And Cooper's $200,000 prediction means that Bitcoin must increase 4.3 times Since It is current price of $47,000.
However, THE Standard Approved executives note THE value of gold exchange traded some products multiplied by This 4.3 figure around Seven has eight years After gold AND P were spear In November 2004.
"We to wait for Bitcoin has appreciate price earnings of A similar magnitude as A result of WE place ETFs approval, but We see these earnings materialize on A shorter (A- has two years) period, given OUR see that THE BTC ETFs walk will develop more quickly. »
Kendrick And Cooper said they see place Bitcoin ETFs approvals as A "water...
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