Standard Chartered: Bitcoin ETF Approval Could Spark $200K Price and Massive Inflows
• Standard Chartered predicts $50B - $100B could flow into bitcoin ETFs if SEC approves them, potentially pushing bitcoin price to $200,000 by end of 2025
• Analysts compare potential bitcoin ETF to 2004 gold ETF launch, which preceded 4x rise in gold price over 7 years
• Bitcoin has gained 155% in past year, 6% in 2023 so far; Standard Chartered says bitcoin could see similar gains to gold but faster
• Galaxy Digital previously predicted at least $14.4B would flow into bitcoin ETFs in first years if approved
• Standard Chartered also expects SEC to allow spot ether ETFs, not just bitcoin