Standard Chartered Raises Year-End BTC Forecast to $150K, Sees 2025 High of $250K (2024)

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Standard Chartered Raises Year-End BTC Forecast to $150K, Sees 2025 High of $250K? ›

Standard Chartered increased its year-end bitcoin price forecast by 50% to $150,000. The bank also predicted BTC will reach a high for the cycle of $250,000 during 2025 before settling around $200,000.

Standard Chartered has revised its year-end prediction for Bitcoin, raising it from $100,000 to $150,000. This bullish trend is expected to persist in the foreseeable future. Additionally, BTC is projected to hit a cycle high of $250,000 before stabilizing around $200,000 next year.

Standard Chartered doubles down on its prediction that bitcoin will reach $150,000 by the end of the year.

Bitcoin could reach $250,000 in 2025, Standard Chartered's Geoff Kendrick predicted. That's as long as spot ETF inflows remain strong, and reserve managers begin buying crypto. Support will also come from April's bitcoin halving and the gold-to-bitcoin portfolio optimization.

Bitcoin, it found, is likely to hit an average peak price of $87,875 in 2024, with some experts predicting it will climb as high as $200,000. On the flip side, the average lowest price Bitcoin could hit by the end of 2024, is seen as $35,734, the report said, with some predicting it will fall as low as $20,000.

Bernstein—a major asset manager with $725 billion in assets—predicts that Bitcoin's price could reach $1 million by 2033, with a stopover at $200,000 as early as next year.

If this pattern continues into 2030, the price could peak around 2029 or 2030, potentially aligning with Wood's price prediction. If Wood is correct and Bitcoin reaches $3.8 million, a $100 investment in Bitcoin today would be worth $5,510 in 2030. This translates to a compounded annual growth rate (CAGR) of over 95%.

Despite what appears to be a generally dismal outlook on the global and U.S. economy, Hayes still expects Bitcoin price to outperform, placing a target estimate in the $750,000 to $1 million range by the end of 2026.

You might want to sell your crypto under some specific circ*mstances. If there is a lack of blockchain development progress or a string of negative news, you might want to sell your cryptocurrency. If you've reached your investing goals or want to reallocate your holding, you might want to sell your cryptocurrency.

With bitcoin hitting new highs, it'll likely reach the US$100,000 milestone before 2024 is out.

How high can Bitcoin realistically go? ›

Based on our analysis, Bitcoin's price could fall to a low of $38,000 or reach a high of $85,000 by the end of 2024. By the end of 2025, we expect BTC to have hit a new all-time high (ATH) around $102,000, then drop close to $65,000 by the end of the year—which will become positive support for the crypto's price.

Known for her innovative investment approach, Cathie Wood predicts Bitcoin will surpass $1 million sooner than her previous estimate of 2030.

Bitcoin Overview

Our most recent Bitcoin price forecast indicates that its value will increase by 14.21% and reach $74,156 by June 20, 2024. Our technical indicators signal about the Bearish Bullish 39% market sentiment on Bitcoin, while the Fear & Greed Index is displaying a score of 74 (Greed).

Bitcoin Price is at a current level of 64071.62, down from 64844.67 yesterday and up from 29935.63 one year ago. This is a change of -1.19% from yesterday and 114.0% from one year ago.

The bottom line

2024 is shaping up to be the year that Bitcoin reaches $100,000. With its price sitting near $70,500 today, that presents a noteworthy opportunity with a nice 40% gain. However, we must keep in mind that it is usually the year after the halving that Bitcoin makes its most impressive gains.