Too early? The price of Bitcoin rising to 200,000 is 'achievable' in 2025, says an analyst
Bitcoin just claimed $100,000 for the first time this week, but analysts are already calling for the mark to double in a year. Here's why.
Not long after Bitcoin surpassed $100,000, some analysts predict that the price of the asset could double in a year.
In a research note on Thursday, Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered, wrote that Bitcoin's record rally has been primarily fueled by inflows from institutional investors, who are regrouping to detect ETFs. Meanwhile, the Bitcoin purchasing company MicroStrategy has been acquiring the asset at a faster pace than expected.
"In 2025, we expect institutional inflows to continue at or above the pace of 2024," Kendrick wrote, noting that regulatory changes under elected President Donald Trump could fuel stronger inflows. "In this context, we believe our price target for Bitcoin by the end of 2025 around the level of $200,000 is achievable." Since MicroStrategy, a self-proclaimed Bitcoin development company, announced a $42 billion plan to buy Bitcoin over the next three years using equity and debt, the company has been "well ahead" of expectations, Kendrick wrote. In fact, the company's treasury of 402,100 Bitcoin, valued at over $40.5 billion, has grown by 150,000 Bitcoin since election day, a jump of over $15 billion.
