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Standard Chartered Bank: There is a chance that BTC will reach $200,000 by the end of 2025.

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BlockBeats News: On December 7, Geoff Kendrick, global head of digital asset research at Standard Chartered Bank, wrote in a research note on Thursday that the recent record rally in BTC was mainly due to the inflow of funds from institutional investors, who bought a large number of BTCSpot ETFs. At the same time, MicroStrategy is also hoarding BTC faster than expected. Kendrick expects institutional flows to continue in 2025, or surpass the pace of 2024. Regulatory changes following Donald Trump’s rise to power could trigger stronger flows. Against this backdrop, it believes that a BTC price target of around $200,000 by the end of 2025 is achievable. Kendrick said that if U.S. pension funds or global sovereign wealth funds also make significant allocations, Standard Chartered will be more bullish on the price of BTC. In addition, the “BTC strategic reserve” narrative in the United States is also very bullish, although he believes that this is a “low probability” event.

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Karinvip
· 2024-12-07 01:19
Has the 4-year periodic law been broken like this?
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GateUser-1a0109b9vip
· 2024-12-07 01:18
Buy the Dip 🤑
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