🚀 Standard Chartered predicts Bitcoin will hit $200,000!?

As Bitcoin breaks through the $100,000 mark by the end of 2024, global financial markets continue to pay attention to it.

Asset management company Bernstein Private Wealth Management and Standard Chartered Bank have successively predicted that the price of Bitcoin may reach US$200,000 by the end of 2025.

Standard Chartered Bank Forecast Standard Chartered Bank analyst Geoff Kendrick said that Bitcoin’s price target of $200,000 by the end of 2025 is “achievable.”

He noted that Bitcoin’s prospects would be even brighter if it were adopted more quickly by U.S. pension funds, global sovereign wealth funds, or potentially the U.S. Strategic Reserve Fund.

Market Trends There will be constant positive news for the cryptocurrency market in 2024. Federal Reserve Chairman Powell said that Bitcoin can be regarded as "digital gold" and compete with the US dollar.

Bitcoin's supply is limited to 21 million, and this scarcity, similar to gold, coupled with growing market acceptance, has helped push its price to new highs.

Policy Trends As the first country to list Bitcoin as legal tender, El Salvador has received more than $333 million in revenue.

The administration of U.S. President-elect Trump is considering establishing a national Bitcoin reserve and nominating cryptocurrency supporters as chairman of the U.S. Securities and Exchange Commission, which is expected to bring a clearer regulatory framework to the cryptocurrency market.