Standard Chartered Bank: Bitcoin to Reach $150,000 by Year-end and Stabilize at $200,000 Next Year – Why the Bullish Outlook for Bitcoin?

Standard Chartered Bank expects Bitcoin to rise to $150,000 by the end of this year, higher than its previous forecast of $100,000. Furthermore, during the peak of the bull market in 2025, Bitcoin is projected to reach $250,000 and eventually stabilize at $200,000.
Thanks to the continuous inflow of funds into Bitcoin spot ETFs and the positive expectations surrounding the Bitcoin halving, Bitcoin has reached new all-time highs, briefly surpassing $73,000. However, in recent weeks, the price has experienced a correction and has been fluctuating between $65,000 and $69,000, currently trading at $65,944, a decrease of about 2% in the past 24 hours.


Nevertheless, the temporary correction of Bitcoin does not undermine the market’s confidence in its future strength. In a recent investment report, Standard Chartered Bank even revised its previous prediction of Bitcoin reaching $100,000 by the end of 2024 to $150,000.
Bitcoin to surpass $250,000 in 2025
In addition to the forecast of Bitcoin rising to $150,000 by the end of this year, Standard Chartered Bank also predicts that Bitcoin could reach $250,000 during the peak of the bull market in 2025, and then stabilize around $200,000.
As for the reasons behind their optimism, Standard Chartered Bank states that this projection is based on the comparison between the introduction of gold ETFs in the United States and the price of gold. Additionally, they have taken into consideration the correlation between ETF funds and Bitcoin prices.
Ethereum spot ETF to be approved on May 23
Furthermore, Standard Chartered Bank also indicates that the U.S. SEC may approve the Ethereum spot ETF on May 23. Once this event occurs, it is expected to bring in $45 billion in funds for ETH within the first 12 months, stimulating ETH to reach $8,000 by the end of this year.
At the same time, Standard Chartered Bank predicts in another report that by 2025, the ETH/BTC exchange rate will rise to the 7% level seen between 2021 and 2022.
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