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Standard Chartered bank has indeed made a bold prediction for Bitcoin's future price. According to recent reports, the bank expects Bitcoin to reach $125,000 by the end of this year and $200,000 by the end of 2025 . However, I found that the initial prediction was for $120,000 by the end of 2024, and $200,000 by the end of 2025 .
The bank's optimistic outlook is based on factors such as increased institutional adoption, regulatory clarity, and growing mainstream acceptance of cryptocurrencies. Standard Chartered's research team believes that Bitcoin's limited supply and appeal as a hedge against inflation will continue attracting investors and pushing its value to new heights.
It's worth noting that Bitcoin's price has already risen significantly since the beginning of 2023, with some 80% growth . The bank's analysts also point to the strong inflows into recently launched spot Bitcoin ETFs in the US as a primary driver of their bullish outlook.
