The bank made the forecast based on its expectation that spot Bitcoin ETFs could attract inflows of $50-100 billion in 2024.
Multinational bank Standard Chartered predicts that Bitcoin (BTC) could reach nearly $200,000 by the end of next year if Bitcoin exchange-traded funds are approved and are successful in the United States.
The bank based the price prediction on the assumption that between 437,000 and 1.32 million Bitcoin, will be held in United-States-listed spot Bitcoin ETFs by the end of 2024. The firm estimates this to equate between $50-100 billion in inflows.
“If ETF-related inflows materalise as we expect, we think an end-2025 level closer to USD 200,000 is possible,” said Standard Chartered head of digital assets Geoff Kendrick and precious metals analyst Suki Cooper in a Jan. 8 report, which has been shared on X (formerly Twitter).
