Bitcoin ETF Spot Could Skyrocket BTC Price to $200K: Standard Chartered Insights

• Standard Chartered Forecasts Potential Bitcoin Price of $200,000 by 2025
• Significant Inflows Expected with ETF Approval
• Understanding the Potential Growth
• Anticipating SEC Approval for Spot Bitcoin ETF
• Effect of ETF Approval on Bitcoin's Price

Standard Chartered Forecasts Potential Bitcoin Price of $200,000 by 2025

International banking titan, Standard Chartered, forecasts that the price of Bitcoin$42,260 -0.64% (BTC) may hit the $200,000 mark by 2025, provided a Bitcoin ETF gets approval. The forecast is contingent upon the US SEC (Securities and Exchange Commission) giving the green light to a spot Bitcoin ETF (Exchange Traded Fund).

Significant Inflows Expected with ETF Approval

Geoff Kendrick, head of digital assets at Standard Chartered, together with precious metals analyst Suki Cooper, indicated that they anticipate significant ETF-related inflows, which could push the Bitcoin price closer to $200,000 by the end of 2025. The bank also predicts that US-listed spot Bitcoin ETFs could hold anywhere between 437,000 and 1.32 million Bitcoin by the close of 2021, estimating inflows to be around $50-100 billion.

Understanding the Potential Growth

This projection suggests a potential growth of 4.3X or an increase of approximately 327% from current levels. It's important to note that gold ETPs (Exchange Traded Products) took between seven to eight years to achieve a growth of a similar magnitude. However, Standard Chartered analysts believe that Bitcoin could see equal gains in a much shorter period (one to two years), given the accelerated development of the Bitcoin ETF market.

Anticipating SEC Approval for Spot Bitcoin ETF

Bloomberg reports suggest a high probability (95%) of the SEC approving one or more spot Bitcoin ETFs. Many financial analysts also predict that the SEC might disclose its decision as early as this week. Some financial experts, including those on CNBC, suggest that a spot Bitcoin ETF could be approved as early as Wednesday, January 10, 2023.

Effect of ETF Approval on Bitcoin's Price

If a spot Bitcoin ETF gets approved, it may trigger a significant surge in Bitcoin's price. Moreover, the overall cryptocurrency market could see a bull run resembling the 2021 surge, following the approval of the ETF.

Edited by Jonathan Stoker