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Bitcoin could reach $200,000 by the end of 2025, according to Standard Chartered, driven by economic conditions, ETF growth, and a potential change in US regulatory policies.
No matter who wins the 2024 US presidential election, Bitcoin will probably have hit $200,000 by the end of 2025, according to Geoff Kendrick, global head of digital assets research at Standard Chartered, a cross-border bank, as noted by Cointelegraph.
Bitcoin Expected to Surge by 2025
The head of the bank predicts that three things will push Bitcoin's price to new records in 2025: first, a small increase in inflation, second, positive flows into Bitcoin ETFs, and third, the probable repeal of Staff Accounting Bulletin-121 (SAB-121), a regulation that effectively prohibits banks from holding digital assets for clients.
Former President Trump and Vice President Kamala Harris, according to Kendrick, will abolish SAB-121.
SAB-121 Repeal Could Boost Bitcoin
The executive from Standard Chartered also mentioned that the SEC is expected to have new leadership soon, bringing up the negative effects that SEC Chair Gary Gensler has on the cryptocurrency business and the prospective market effects of Gensler's replacement.
“You’ll probably see more ETFs relatively quickly. Solana, I would say, would be the most likely third one,” Kendrick said. The CEO then shifted gears to discuss the big picture of the economy, saying:
Positive Economic Trends for Bitcoin
“10-year yields are above two-year yields for the first time for a number of quarters now, and that’s a marginally positive story within that as well. You’ve got inflation expectations up, a bit, whereas real yields are down a bit.”
Finally, Kendrick predicted that, "no matter who's in the White House," the price of Bitcoin will reach $200,000 by the end of 2025, with a price peak of $125,000 by the end of 2024 if former President Trump is successful in securing the presidency.
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