In contrast to the debut of gold ETFs, Standard Chartered analyst predicts Bitcoin to reach $200,000 by 2025

According to analysis reports cited by The Block and watcher.guru, Standard Chartered Bank, which previously predicted that the price of Bitcoin would soar to $100,000, has once again raised its price target.

Standard Chartered Bank Prediction: Bitcoin Price to Soar to $100,000

Gold ETF vs. Bitcoin Spot ETF Launched for the First Time

Standard Chartered Bank is comparing the expected launch of a Bitcoin Spot ETF with a Gold ETF. The first Gold ETF in the United States, "SPDR Gold Shares GLD," was launched in 2004 and is currently the largest physical Gold ETF globally.

Analyst Geoffrey Kendrick explains:

When GLD was launched, the global gold market value was around $2.2 trillion, while the current market value of BTC is $0.86 trillion. Based on the subsequent $88 billion inflow into GLD, this represents a potential $34 billion inflow into the Bitcoin ETF.

Expected Inflow of $50 to $100 Billion into Bitcoin ETF

Standard Chartered analysts believe that from an "overvalued" perspective, the inflow of funds in 2024 could reach $130 billion, while $50 to $100 billion "seems reasonable."

Prior to this, issuer VanEck also estimated quarterly fund inflows of $24 billion, Galaxy expects an initial inflow of $14 billion, and Bitwise predicts a market size of around $72 billion within five years.

Evidently, the figures evaluated by Standard Chartered are higher than those of the aforementioned issuers.

Standard Chartered Bank: Bitcoin Could Reach $200,000

Standard Chartered also views the approval of a Bitcoin Spot ETF as a watershed moment for institutional investors to enter the market, predicting that by the end of 2025, Bitcoin could reach $200,000.

The analyst stated:

After the introduction of GLD, the price of gold increased 4.3 times in 7 years. We expect a similar increase in BTC, and given that the Bitcoin ETF market will continue to evolve, the increase could be achieved within a shorter timeframe of one to two years, with the price of Bitcoin possibly nearing $200,000 by the end of 2025. Assuming that 437,000 to 1.32 million BTC are held in the form of a spot ETF, this also aligns with the expected $50-100 billion inflow.