Standard Chartered Bank expects Bitcoin to reach new heights of $500,000 in 2025
- Barbara StreisandOriginal
- 2025-03-05 18:00:12840browse
Although Bitcoin prices have fluctuated recently due to the US tariff war, falling below $91,000 at one point, Standard Chartered Bank is still optimistic about its future trend.
Geoff Kendrick, global head of digital assets research at Standard Chartered, predicted again that Bitcoin will reach $200,000 in 2025 and is expected to rise $100,000 a year thereafter, reaching $500,000 at the end of Trump's term.
Driver of Bitcoin's continued rise
Kendrick believes that positive factors include:
- Power of Bitcoin ETF: Since its approval for listing in January last year, Bitcoin spot ETFs have attracted huge inflows, significantly increasing market demand.
- Changes in Accounting Standards: The US Accounting Standards Board allows businesses to measure Bitcoin at fair value, increasing their investment appeal.
- Potential Government Reserves: The Trump administration may establish Bitcoin reserves to further enhance its value.
Bitcoin capital rates and giant whale behavior
Bitcoin capital rates have turned negative again recently, and historical data shows that this often indicates a strong rebound. At the same time, data shows that the Bitcoin giant whale has recently increased its holdings of Bitcoin through over-the-counter trading.
In addition, analysts observed that despite the recent market pullback, Giant Whale bought a large number of Bitcoin call options, indicating that market sentiment is still optimistic. The market is currently showing a clear differentiation, with Bitcoin receiving widespread attention, while other cryptocurrencies are performing weakly. Option data shows that the Skew values of Bitcoin and Ethereum remain positive, further supporting the market's expectations for future bullishness. A brief pullback may have hit some market confidence, but the long-term prospects of cryptocurrencies remain bright.
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