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Standard Chartered, a Leading Global Bank, Unveils Positive Outlook on Spot Bitcoin ETFs

Standard Chartered

In the realm of cryptocurrency forecasts, Standard Chartered Bank has stepped into the spotlight with its bullish predictions regarding the potential impact of Spot Bitcoin ETFs on the future trajectory of Bitcoin’s price. The bank’s Head of Digital Assets Research, Geoff Kendrick, and Precious Metal Analyst, Suki Cooper, recently shared their projections, painting a compelling picture of BTC’s ascent to new peaks by the conclusion of 2025.

Standard Chartered Bank’s Bullish Projections

According to a report by Standard Chartered on the X platform, the bank anticipates a staggering surge in Bitcoin’s value, estimating a potential climb to $200,000 by the end of 2025. This ambitious forecast hinges on the inflow of $50 to $100 billion into Spot Bitcoin ETFs, a scenario envisaged by Kendrick and Cooper.

The bank underscores the pivotal role of an imminent approval of these Spot Bitcoin ETFs, likening it to the influential trajectory witnessed with Gold ETPs. Intriguingly, Standard Chartered foresees the possibility of Bitcoin reaching $100,000 within the current year, buoyed by the anticipated approval.

Divergent Perspectives on ETF Inflows

While Standard Chartered paints an optimistic picture, contrasting views from other market observers inject a nuanced narrative into the discourse. Crypto research firm Galaxy Digital adopts a more conservative stance, projecting approximately $14 billion into these funds within the inaugural year.

Meanwhile, VanEck’s advisor, Gabor Gurbacs, takes a panoramic view, looking beyond immediate projections and speculating on the long-term trajectory of Spot Bitcoin ETFs.

Gurbacs’ Long-Term Vision: Trillions, Not Billions

In response to Standard Chartered’s report, Gurbacs emphasizes a broader perspective, focusing on the potential inflow into these funds over an extended timeline. He boldly posits that trillions of dollars could pour into Spot Bitcoin ETFs in the long term, advocating for a staggering $2.5 trillion influx into BTC assets.

Gurbacs grounds his audacious prediction in the context of the vast global asset landscape, highlighting that $2.5 trillion would be fine, representing a mere 0.5% of the $500 trillion in global assets. He substantiates his view by citing Bitcoin’s continual ascent in value juxtaposed against the weakening of fiat currencies, advocating that as fiat lacks a bottom, BTC remains unbounded.

Anticipated Ripple Effects and Shift in Perception

Beyond the numerical speculations, Gurbacs anticipates a broader paradigm shift upon approving Spot Bitcoin ETFs. He envisages a transformative transition where banks, financial service firms, and regulators, once seen as adversaries, will pivot to become proponents of Bitcoin. This projected acceptance, he notes, holds immeasurable value, potentially catapulting BTC adoption to new heights.

In conclusion, the fervent discourse surrounding Spot Bitcoin ETFs transcends mere monetary projections, delving into a broader narrative encompassing potential market shifts and the evolving perception of Bitcoin within traditional financial realms. As anticipation mounts for the speculated approval and subsequent impact, the trajectory of Bitcoin’s price remains a topic of fervent debate, poised at the intersection of financial evolution and digital currency adoption.

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