Standard Chartered Bank has recently shared its predictions on the potential impact of Spot Bitcoin ETFs on Bitcoin’s price. The bank’s Head of Digital Assets Research, Geoff Kendrick, and Precious Metal Analyst, Suki Cooper, have taken a bullish stance, suggesting that Bitcoin could reach $200,000 by the end of 2025. They believe that an influx of $50 to $100 billion into Spot Bitcoin ETFs could drive this price increase.
Their projections are based on the possibility of Spot Bitcoin ETFs being approved as early as this week. They argue that such approval could be a key driver of Bitcoin’s price, similar to the effect seen with Gold ETPs. Interestingly, Standard Chartered also predicts that Bitcoin could hit $100,000 before the end of this year.
According to the bank, Bitcoin could experience gains similar to those of Gold when Gold ETPs were approved. However, they expect these gains to materialize over a shorter period for Bitcoin. This is due to their belief that the Spot Bitcoin ETF market will develop faster than the Gold ETPs did.
However, the potential inflows into these Spot Bitcoin ETFs are still a topic of debate. Crypto research firm Galaxy Digital has taken a more conservative stance, projecting that only about $14 billion will flow into these funds in the first year. On the other hand, VanEck’s advisor, Gabor Gurbacs, is focusing on the long term.
Gurbacs has commented on Standard Chartered’s report, stating that he prefers to look at the potential long-term inflow into these funds. He projects that trillions of dollars could flow into Spot Bitcoin ETFs in the long term, making a case for $2.5 trillion. He argues that this is feasible considering the global asset pool of approximately $500 trillion. As such, $2.5 trillion, representing just 0.5% of the global allocation, flowing into the Bitcoin ecosystem should not be a problem.
Gurbacs also expects that Bitcoin will gain more acceptance once these Spot Bitcoin ETFs are approved. He believes that banks, financial service firms, and regulators will transition from being “enemies of Bitcoin to allies of Bitcoin.” This, he remarks, is “immeasurably valuable” as it can level Bitcoin adoption.
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| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | positive |
| Relevance Score | 1 |
| People | Gabor Gurbacs, Suki Cooper, Geoff Kendrick |
| Companies | X (formerly Twitter), Standard Chartered Bank, VanEck, Galaxy Digital, NewsBTC |
| Currencies | Bitcoin |
| Securities | None |
