Standard Chartered director predicts Bitcoin will reach $200,000 by the end of 2025
Geoffrey Kendrick, head of cryptocurrency research at Standard Chartered, has made an interesting prediction about the price of BTC. According to him, over the next 24 months, Bitcoin will continue to increase in price and peak at $200,000 per coin by the end of 20251.

Kendrick reasoned that the rising demand for Bitcoin could cause the asset to reach an ATH (All-Time High) before the halving event in less than two months. He also predicted that Bitcoin will reach $100,000 by the end of this year.

But what drives Bitcoin's price increase? Capital flows into Bitcoin spot ETFs launched in early 2024 are certainly an important factor. Kendrick emphasized that the new ETFs have attracted significant inflows, 10 times the daily supply. This means that demand far exceeds supply, pushing Bitcoin prices up1.

However, it should be noted that Bitcoin price predictions always come with volatility and uncertainty. Let's watch and see if Kendrick's prediction is accurate in the future
Source : https://goonus.io/markets/BTC_USD/