Not long after Bitcoin’s Get to $100,000Analysts predict the asset price will double in one year.
Standard Chartered’s Head of Digital Assets Research, Geoff Kendrick, wrote in a research note on Thursday that Bitcoin’s rally to record levels has been boosted primarily by institutional investors. Flocking to ETFs with high-potential. MicroStrategy, a firm that buys Bitcoins with a laser eye, has been grabbing the assets at accelerated rates.
“In 2025, we expect institutional flows to continue at or above the 2024 pace,” Kendrick noted that the regulatory changes under Donald Trump, President-elect could lead to stronger flow. “Against this backdrop, we think our end-2025 Bitcoin price target around the $200,000 level is achievable.”
MicroStrategy has revealed a $42 Billion plan to buy Bitcoins over the next three year. Equity and DebtThe company is a well-established business. “running well ahead” Kendrick said that the company was on schedule. Indeed, the company’s trove of 402,100 Bitcoin, worth over $40.5 billion, has grown by 150,000 Bitcoin since Election Day—a more than $15 billion jump.
Standard Chartered’s analyst believes that pension funds will allocate more money to Bitcoin ETFs in 2025. Standard Chartered will be even more optimistic about Bitcoin’s value if U.S. pension funds and global sovereign wealth fund also make significant allocations, Kendrick writes.
Donald Trump is one of the many people who will be impacted by his presidency. crypto promisesA U.S. strategic Reserve of Bitcoin Kendrick said that he would be bullish as well, despite the fact that he views it as an a “low-probability” event.
On Wednesday, Coinbase CEO Brian Armstrong Writer Twitter (formerly known X) is a social media platform that allows users to communicate with each other. “every government” Consider establishing a Bitcoin Strategic Reserve.
Standard Chartered’s analyst was focused on Bitcoin’s price in 2025. Others focused on the implications of a move over (or below) $100,000.
Matt Mena of 21Shares’ crypto research team referred to Bitcoin’s $100,000 psychological mark on Thursday as an important milestone. He said in a press release that the historical breakthrough could “attract a new wave of investors,” Who had been on the sidelines before?
Brent Kenwell is an investment analyst with eToro. He says that those who have already invested in Bitcoin could take advantage of the price as it crosses $100,000. According to a press release, Kenwell said that the asset crossed $100,000 on Thursday. “It would not be surprising to see Bitcoin—which is up more than 40% since the election—see a bit of a pause.”
Bitcoin’s price has dropped from its peak of around $103,600 on Thursday. Slipped as low as $93,000. But on Friday afternoon, BTC again touched $102,000 after creeping upward following Thursday's surprise flash crash, and it still remains above the $100,000 mark as of this writing.
FXTM Senior market analyst Lukman Otunuga stated in a previous statement that the assets could experience a further pullback. This prediction proved to be accurate.
“A strong weekly close above $100,000 may signal further upside,” He wrote. “However, should prices slip below this key level—bears could target $95,000."
Andrew Hayward edited the book