Bitcoin prices can continue their run up higher into the end of 2025, said Standard Chartered.
As the price of bitcoin surged above $100,000 for the first time late Wednesday, Standard Chartered believes the flagship cryptocurrency can to double by the end of next year. Analyst Geoff Kendrick said in a Thursday note that the firm's end-of-2025 price target on bitcoin around the $200,000 level is "achievable." "We would turn even more bullish if BTC saw more rapid uptake by U.S.
"In 2025, we expect institutional flows to continue at or above the 2024 pace. MicroStrategy is running ahead of its USD 42bn three-year plan, so its purchases in 2025 should match or exceed its 2024 purchases." Bitcoin, which has surged more than 140% year to date, is up 48% since President-elect Donald Trump's victory in the Nov. 5 election. BTC.
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