Bitcoin Rally to $200,000 is Achievable in 2025, Analyst Says
Standard Chartered Analyst Makes Bold Prediction
A few days ago, Bitcoin crossed the $100,000 mark and peaked at $104,201. Now, several analysts anticipate the continuation of the uptrend, with one from Standard Chartered predicting a move to $200,000 by the end of 2025.
On Friday, Head of Digital Assets Research at Standard Chartered, Geoff Kendrick, said that Bitcoin would likely mirror its recent performance next year, thanks to increased inflows into spot exchange-traded funds (ETFs). Kendrick argued that a conducive regulatory environment under Donald Trump’s administration could encourage more Wall Street companies to invest in Bitcoin ETFs.
Will MicroStrategy’s Success Inspire More Firms to Invest in Bitcoin?
He also foresees many institutions following the footsteps of MicroStrategy, which has adopted BTC as its reserve asset. The Michael Saylor-led tech company now holds over 402,000 Bitcoin, estimated to be worth $40.2 billion. Notably, this investment has unrealized profits of over $15 billion.
According to Kendrick, MicroStrategy’s success could spur interest in Bitcoin among wealth managers, thus enhancing the possibility of BTC hitting the $200k target.
Furthermore, the Standard Chartered analyst mentioned the expected US government Bitcoin strategic reserve as another catalyst of the BTC rally in 2025. Earlier this year, Trump promised to make Bitcoin the reserve asset of the American government after his re-election. He said his administration would buy 200,000 Bitcoin per year.
21Shares Analyst Says a Rally to $150k is Possible Next Year
Another analyst holding a bullish view on Bitcoin is 21Shares’ research strategist Matt Mena. On Saturday, he said BTC’s recent rally above $100,000 had attracted retail investors, who, according to him, have been sitting on the fence this year. Mena predicts more investors will enter the market in 2025 when Trump’s administration provides clear rules. If that happens, Bitcoin could touch $150,000 in the second quarter of next year, he said in an X post.
Meanwhile, as Mena and Kendrick remain bullish on Bitcoin, eToro’s investment analyst Brent Kenwell expects a pullback in the coming days, arguing that long-term investors could be planning to book profits after BTC achieved the $100,000 milestone last week. He claims that the coin might retrace to $80,000 before rallying again.
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