Standard Chartered Sees Bitcoin at $250K, Bullish on Ethereum by 2025

Standard Chartered Plc, a leading British bank, has dramatically revised its outlook on the future of cryptocurrencies, notably Bitcoin and Ethereum. Departing from previous caution, the bank now projects an optimistic scenario where Bitcoin could skyrocket to $250,000 and Ethereum could ascend to $26,000 by the close of 2025. This bullish forecast underscores Standard Chartered’s belief in the profound impact of anticipated market trends and regulatory shifts. With a keen eye on these influential factors, the banking giant suggests that the crypto sector is on the cusp of an unprecedented growth period. The new valuations are a testament to the burgeoning confidence in the staying power and expansion of these digital assets, as the global financial industry continues to grapple with and adapt to the evolving landscape of cryptocurrency.

Bitcoin’s Bright Horizon

According to the latest analytics from Standard Chartered, Bitcoin is poised to experience an unprecedented upsurge in value over the coming years. The financial institution has dramatically increased its price target for the preeminent cryptocurrency, stating that it could hit the quarter-million-dollar mark by the end of 2025, before settling down to a robust $200,000. This optimism outshines the bank’s previous forecast, which only anticipated Bitcoin reaching $100,000 by the end of 2024. The bolstered expectations hinge on a variety of factors, including Bitcoin’s potential parallel to the gold market and the anticipated effects of new exchange traded funds (ETFs).

One of the critical drivers for this expected increase is the forecasted launch of Bitcoin spot ETFs in the United States, which could create a wave of institutional investment and bolster market confidence. Complementing this factor is the much-anticipated Bitcoin halving event due to occur in April, which is set to halve the block reward from 6.25 BTC to 3.125 BTC. Historically, such halving events have been catalysts for significant increases in Bitcoin’s value, as they reduce the rate of new supply and increase scarcity.

Ethereum’s Promising Potential

Standard Chartered has a bullish outlook on Ethereum, projecting the cryptocurrency could reach $8,000 by the end of 2024—a revision from an earlier $4,000 estimate. The prediction is bolstered by the bank’s anticipation of a U.S. SEC-approved Ethereum ETF, which might add $45 billion to the market in its first year. Looking ahead to 2025, the bank envisions Ethereum climbing even higher, to about $26,000. This forecast is driven by growing interest from both institutional and retail sectors in Ethereum’s technology, including its smart contracts and the potential diversity of its blockchain applications. The transition to Ethereum 2.0, focusing on enhanced scalability and lower energy consumption, also enhances its attractiveness to investors. Standard Chartered anticipates Ethereum could regain its previous highs in the ETH-BTC price ratio, as it continues to solidify its significant position in the cryptocurrency market.

Explore more

Can Federal Lands Power the Future of AI Infrastructure?

I’m thrilled to sit down with Dominic Jainy, an esteemed IT professional whose deep knowledge of artificial intelligence, machine learning, and blockchain offers a unique perspective on the intersection of technology and federal policy. Today, we’re diving into the US Department of Energy’s ambitious plan to develop a data center at the Savannah River Site in South Carolina. Our conversation

Can Your Mouse Secretly Eavesdrop on Conversations?

In an age where technology permeates every aspect of daily life, the notion that a seemingly harmless device like a computer mouse could pose a privacy threat is startling, raising urgent questions about the security of modern hardware. Picture a high-end optical mouse, designed for precision in gaming or design work, sitting quietly on a desk. What if this device,

Building the Case for EDI in Dynamics 365 Efficiency

In today’s fast-paced business environment, organizations leveraging Microsoft Dynamics 365 Finance & Supply Chain Management (F&SCM) are increasingly faced with the challenge of optimizing their operations to stay competitive, especially when manual processes slow down critical workflows like order processing and invoicing, which can severely impact efficiency. The inefficiencies stemming from outdated methods not only drain resources but also risk

Structured Data Boosts AI Snippets and Search Visibility

In the fast-paced digital arena where search engines are increasingly powered by artificial intelligence, standing out amidst the vast online content is a formidable challenge for any website. AI-driven systems like ChatGPT, Perplexity, and Google AI Mode are redefining how information is retrieved and presented to users, moving beyond traditional keyword searches to dynamic, conversational summaries. At the heart of

How Is Oracle Boosting Cloud Power with AMD and Nvidia?

In an era where artificial intelligence is reshaping industries at an unprecedented pace, the demand for robust cloud infrastructure has never been more critical, and Oracle is stepping up to meet this challenge head-on with strategic alliances that promise to redefine its position in the market. As enterprises increasingly rely on AI-driven solutions for everything from data analytics to generative