According to experts at Standard Chartered Bank, the Bitcoin price could reach $200,000 by the end of 2025. According to this BlockThe main factor behind this prediction is the expected approval of spot Bitcoin ETFs in the US.
Analysts compare this launch with the revolution that took place in the gold market after the emergence of exchange-traded funds for this metal.
Experts believe the approval of spot Bitcoin ETFs will be a “game changer” for the normalization of institutional participation in the cryptocurrency market. Their predictions are based on the fact that in the 7-8 years after the launch of the ETF, the price of gold increased by 4.3 times. Analysts are confident that Bitcoin will rise at the same pace in the two years after the spot ETFs are resolved.
In January this year, the price of Bitcoin reached $45,000 for the first time since April 2022. In October 2023, the cryptocurrency rate also rose to 2022 levels, exceeding $34,000 for the first time since May of the same year.
It was previously reported that the “Fear and Greed” index was rising in the crypto market. augmented Up to 76 points out of 100, which corresponds to the zone of “extreme greed”.
Previously Mishustin in the name Avoid excessive optimism.