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Standard Chartered Raises Its BTC and ETH Forecasts, Bitcoin Can Reach $250K in 2025
British multinational bank, Standard Chartered Plc (LON: STAN) has revised its forecast for the prices of both Bitcoin (BTC) and Ethereum (ETH), painting a more bullish outlook for these leading digital assets.
Standard Chartered Bullish Outlook for BTC
According to a recent Coindesk report, Standard Chartered increased its year-end price forecast for BTC to $150,000 from $100,000. In addition, the bank predicts that Bitcoin will reach a cycle high of $250,000 in 2025 before stabilizing at the $200,000 mark. This optimistic outlook is supported by an analysis that draws parallels between Bitcoin and gold, especially in light of the introduction of the underlying exchange traded funds (ETFs) in the United States.
Standard Chartered noted in its analysis that the launch of spot Bitcoin ETFs in the United States in January could have a huge impact on Bitcoin’s price. Based on th
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