Posted 3/18/2024, 10:48:00 AM
Standard Chartered Dramatically Raises Bitcoin Price Targets to $150K This Year and $250K by 2025, Citing Comparison to Gold ETF Trajectory
- Standard Chartered raised its BTC year-end forecast to $150K, up from $100K previously
- The bank predicts BTC will reach a cycle high of $250K in 2025 before settling around $200K
- The new forecasts are based on comparing BTC to gold after the launch of gold ETFs
- Standard Chartered estimates BTC ETF inflows could reach $75B, supporting higher prices
- The bank also sees Ethereum reaching $8K by end of 2024 if an ETH spot ETF is approved in May
