Geoffrey Kendrick of Standard Chartered predicts that Bitcoin prices will double. The head of digital asset research at Standard Chartered stated earlier this month in a report that he expects Bitcoin to reach $200,000 by the end of 2025.
Standard Chartered Bank expects that institutional investment in Bitcoin will 'continue to maintain or exceed the pace of 2024' next year. The bank noted that since the beginning of this year, institutional purchases of Bitcoin have reached 683,000 Bitcoins, primarily purchased through U.S. spot Bitcoin ETFs and the software company and Bitcoin investment alternative MicroStrategy. Kendrick stated that MicroStrategy's Bitcoin purchases next year should 'reach or exceed the purchase amount of 2024.' He also added that pension funds should start including Bitcoin in their portfolios through U.S. spot Bitcoin ETFs next year, as the incoming Trump administration is expected to reform regulations on traditional financial (TradFi) companies' investments in digital currencies.
Kendrick pointed out: 'Even a small allocation of the $40 trillion U.S. retirement funds would significantly boost Bitcoin prices. If Bitcoin is adopted more quickly by U.S. retirement funds, global sovereign wealth funds (SWF), or potential U.S. strategic reserve funds, we will be more optimistic.' (CNBC)

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