The Bitcoin price target is 200,000 US dollars in 2025 – Standard Chartered Bank
Those who believe in Bitcoin (BTC) and see its price journey from below 200 US dollars in the emerging years to current levels of 30,000 US dollars and more, often dream of six-figure valuations for BTC. In anticipation of the Bitcoin Halving expected in the spring of 2024, forecasts for the price rally that usually accompanies such events are also popping up. The British Standard Chartered Bank is now standing out with a price target of 200,000 US dollars for Bitcoin by 2025, as summarized by CNBC.
This positive scenario for Bitcoin would not only mean a new all-time high for BTC, which had reached its peak prices of just under 69,000 US dollars in November 2021. Geoff Kendrick from Standard Chartered believes that 50,000 US dollars by the end of 2023 is not only possible but also that a bullish cycle would lead Bitcoin to new dimensions. Several forecasts see the initially optimistic price target for Bitcoin agreed at 100,000 US dollars, including forecasts from Bloomberg and Ark Invest.
Literature review and analysis
Bloomberg also relies on Bitcoin’s Halving Event in 2024, which, according to past experience, triggers new price highs. The majority of literature and analysis on the topic also shows that Bitcoin usually performs a boom after its Halving, making the potential for a rally quite significant.
However, there are also critical voices that view Halving, the reduction in Bitcoin mining rewards, as already priced in. They note that the market price already reflects expectations of the Halving impact, hence a more significant rise in Bitcoin value would be speculative.
Scenarios for Bitcoin price targeting
From Geoff Kendrick’s perspective, the scenario outlined by Standard Chartered primarily benefits from macro-financial developments. Hereby, deregulation of some large industrial nations serves as the foundation, while new investment instruments like Bitcoin ETFs lead to fresh capital influx into the Bitcoin market. These developments, according to analyzes, will be visible in the price trajectory of Bitcoin, leading to the long-term appreciation to the target of 200,000 US dollars.
Bitcoin enthusiasts will certainly welcome the positive tone adopted by Standard Chartered Bank in this instance. Nevertheless, challenges should not be ignored. Coin desk notes that Bitcoin remains subject to significant volatility and regulatory risk. Therefore, informed decisions and well-considered strategies are essential.
Conclusion
The BTC prospects have increased post-Covid-19. Many point to the growth trajectory seen in the last decade while also acknowledging technological advancements and policy adjustments contributing to bolstering this ecosystem. Blockchain, the underlying technology of Bitcoin, has brought about significant disruption. It has not only captured attention but also driven global discourse about financial freedom and decentralization.
It is clear: the forecast presented by Standard Chartered adds an exciting note to the potential development of Bitcoin. But only time can determine whether this bold prediction of 200,000 US dollars truly becomes reality.
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