🚀 Standard Chartered Predicts BTC Could Reach $200,000 with SEC Spot Bitcoin ETF Approval 🌐💰

Major banking giant Standard Chartered is making waves with a bullish prediction for Bitcoin (BTC), envisioning a potential surge to $200,000 by the end of 2025. The key catalyst behind this optimistic forecast? The approval and success of Bitcoin exchange-traded funds (ETFs) in the United States. 📈🚀

1. Bitcoin's Ascent: A Spot ETF Game-Changer!

Standard Chartered's projection is anchored on the assumption that by the close of 2024, US-listed spot Bitcoin ETFs will hold between 437,000 and 1.32 million BTC, potentially translating into inflows ranging from $50 to $100 billion. Geoff Kendrick, Head of Digital Assets, and Suki Cooper, Precious Metals Analyst, are optimistic that if ETF-related inflows materialize as expected, a Bitcoin value nearing $200,000 is conceivable.

📊 Quote from Standard Chartered: "If ETF-related inflows materialize as we expect, we think an end-2025 level closer to USD 200,000 is possible."

2. Historical Parallels and Accelerated Growth: Learning from Gold ETPs

Drawing a historical parallel with the gold market, Standard Chartered executives note that gold exchange-traded products (ETPs) experienced a similar multiple increase of 4.3 between seven and eight years after their launch. Applying this insight to Bitcoin, they anticipate comparable gains, but over a shorter period, given the expected rapid development of the BTC ETF market.

📈🔄 Insight from Banking Executives: "We expect Bitcoin to enjoy price gains of a similar magnitude as a result of US spot ETF approval, but we see these gains materializing over a shorter (one- to two-year) period."

Kendrick and Cooper view the potential approval of spot Bitcoin ETFs as a pivotal event that could significantly enhance mainstream acceptance and participation in Bitcoin.

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