Following Bitcoin’s historic surge past $100,000 this week, Standard Chartered has forecasted that the cryptocurrency’s price could double by the close of 2025. Analyst Geoff Kendrick shared the optimistic outlook in a note on Thursday, citing strong institutional adoption as a key driver for the predicted growth.
Price Target: $200,000
Kendrick outlined that Standard Chartered’s $200,000 price target for Bitcoin is “achievable,” particularly with continued institutional interest. “We would turn even more bullish if BTC saw rapid uptake by U.S. retirement funds, global sovereign wealth funds (SWFs), or even a potential U.S. strategic reserve fund,” Kendrick noted.
He added that institutional flows in 2025 are expected to sustain or surpass 2024 levels, with companies like MicroStrategy accelerating their Bitcoin acquisition strategies. The firm is projected to match or exceed its 2024 Bitcoin purchases as part of its $42 billion three-year plan.
Bitcoin’s Meteoric Rise
Bitcoin has surged over 140% in 2024, with a 48% jump since President-elect Donald Trump’s November 5 election victory. The cryptocurrency’s rise to $100,000 marks a milestone that Standard Chartered had anticipated as early as April 2023, when Bitcoin was trading around $27,000.
Institutional Momentum
Standard Chartered’s bullish projection hinges on the ongoing adoption of Bitcoin by institutional players. The firm believes broader acceptance by retirement funds, sovereign wealth funds, and potential government reserves could further propel Bitcoin’s value.
Bitcoin’s rally in 2024 underscores its growing appeal as a store of value and a hedge against traditional market volatility, positioning it as a key asset in both institutional and retail portfolios.
