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British multinational bank Standard Chartered has increased its prediction for Bitcoin’s price by 50%, forecasting that the leading digital asset will be worth $150,000 by the end of 2024., the bank expects BTC to hit a record high of $250,000 by 2025 before rounding off the bull cycle around $200,000.
The authors of the investment report said there is a good chance BTC could skyrocket to $250,000 in 2025 if Bitcoin ETF inflows touch the mid-point estimate of $75 billion and reserve managers continue to acquire the asset. At the time of writing, spot Bitcoin ETF inflows had exceeded $12 billion just over two months after launch.in December 2023.
“In 2025, we see the ETH-to-BTC price ratio rising back to the 7% level that prevailed for much of 2021-22. Given our estimated BTC price level of USD 200,000 at end-2025, that would imply an ETH price of $14,000,” the bank stated.One Weekly Email Can Change Your Crypto Life.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments.
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