{"id":27785,"date":"2024-03-18T11:47:30","date_gmt":"2024-03-18T11:47:30","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/standard-chartered-raises-2024s-btc-forecast-to-150k-projects-250k-in-2025\/"},"modified":"2024-03-18T11:47:30","modified_gmt":"2024-03-18T11:47:30","slug":"standard-chartered-raises-2024s-btc-forecast-to-150k-projects-250k-in-2025","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/standard-chartered-raises-2024s-btc-forecast-to-150k-projects-250k-in-2025\/","title":{"rendered":"Standard Chartered raises 2024&#8217;s BTC forecast to $150K, projects $250K in 2025"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2021\/09\/1631187366246-d20900de-5fcb-4a91-a7db-904111307146-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2021\/09\/1631187366246-d20900de-5fcb-4a91-a7db-904111307146-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2021\/09\/1631187366246-d20900de-5fcb-4a91-a7db-904111307146-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2021\/09\/1631187366246-d20900de-5fcb-4a91-a7db-904111307146-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Standard Chartered upgrades BTC forecast to $150K year-end.<\/li>\n<li>The bank\u2019s analysis is based on ETF inflows, historical gold performance, and institutional interest.<\/li>\n<li>The bank believes the potential ETH ETF approval could drive ETH to $8K by 2024.<\/li>\n<\/ul>\n<p>Standard Chartered Bank has upgraded its year-end forecast for <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin\u2019s price<\/a> to $150,000, representing a 50% increase from its previous estimate of $100,000.<\/p>\n<p>The bank anticipates significant bullish momentum for BTC, attributing the revision to strong inflows into spot bitcoin exchange-traded funds (ETFs) in the United States. These inflows are outpacing the growth of bitcoin derivatives\u2019 open interest, suggesting sustainable positioning and long-term investment interest, particularly from pension-type funds.<\/p>\n<p>The revised forecast also includes a projection for <a href=\"https:\/\/coinjournal.net\/bitcoin\/what-is-bitcoin\/\">Bitcoin<\/a> to reach a high of $250,000 during the 2025 cycle before stabilizing around $200,000.<\/p>\n<p>Standard Chartered bases its analysis on the historical performance of gold after the introduction of gold ETFs in the U.S., drawing parallels between ETF inflows and BTC price movements.<\/p>\n<p>Additionally, the bank highlights the potential for an overshoot in BTC\u2019s price if ETF inflows reach an estimated $75 billion or if reserve managers begin acquiring BTC.<\/p>\n<h2>Ethereum ETF approval prospects<\/h2>\n<p>In addition to Bitcoin, Standard Chartered Bank also speculates on the impact of a potential Ethereum (ETH) exchange-traded fund (ETF) approval by the Securities and Exchange Commission (SEC) on May 23.<\/p>\n<p>The bank suggests that such approval could lead to substantial inflows, potentially up to $45 billion within the first 12 months. This influx of capital could drive <a href=\"https:\/\/coinjournal.net\/ethereum\/\">ETH\u2019s price<\/a> to approximately $8,000 by the end of 2024, assuming approval of a spot ETF.<\/p>\n<p>Looking ahead to 2025, Standard Chartered envisions a scenario where the ETH-to-BTC price ratio returns to around 7%, indicating a potential ETH price of $14,000 given the bank\u2019s estimated BTC price of $200,000 by the end of that year.<\/p>\n<p>The bank\u2019s analysis underscores the significance of regulatory developments, ETF approvals, and institutional investment trends in shaping the future trajectory of both Bitcoin and <a href=\"https:\/\/coinjournal.net\/ethereum\/what-is-ethereum\/\">Ethereum<\/a>.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/standard-chartered-raises-2024s-btc-forecast-to-150k-projects-250k-in-2025\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison ) Standard Chartered upgrades BTC forecast to $150K year-end. The bank\u2019s analysis is based on ETF inflows, historical gold performance, and institutional interest. The bank believes the potential ETH ETF approval could drive ETH to $8K by 2024. Standard Chartered Bank [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":27786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/27785"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=27785"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/27785\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/27786"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=27785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=27785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=27785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}