Standard Chartered: Predicts year-end BTC rise to $150,000, reaching a high of $250,000 next year
TechFlow news, Standard Chartered (STAN) has raised its year-end forecast for Bitcoin's price from $100,000 to $150,000. The bank also predicts BTC will reach a peak of $250,000 next year before stabilizing around $200,000.
Standard Chartered's analysis is based on comparisons with gold prices following the introduction of gold exchange-traded funds (ETFs) in the U.S., as well as the correlation between ETF inflows and BTC prices.
The bank stated that the U.S. Securities and Exchange Commission may approve Ethereum ETFs on May 23, leading to inflows of up to $45 billion over the first 12 months, with ETH reaching approximately $8,000 by the end of 2024.
In another report, Standard Chartered said: "By 2025, we expect the ETH-to-BTC price ratio to rebound to the 7% level seen during most of 2021–22. Given our estimated BTC price target of $200,000 at the end of 2025, this implies an ETH price of $14,000."
