According to CNBC, Geoffrey Kendrick of Standard Chartered Bank predicts that Bitcoin will reach $200000 by the end of 2025. Standard Chartered Bank predicts that the scale of institutional investors purchasing Bitcoin next year will "continue to maintain or exceed the pace of 2024". The bank pointed out that since the beginning of this year, institutional Bitcoin purchases have reached 683000, mainly through US spot Bitcoin ETFs and MicroStrategy, a software company that also invests in Bitcoin as an effective alternative. He also added that the incoming Trump administration is expected to reform the regulations for so-called TradFi (traditional finance) companies to invest in digital currencies, and pension funds will begin to include more Bitcoin in their investment portfolios through US spot ETFs next year. Even a small allocation of $40 trillion in US retirement funds would significantly push up the price of Bitcoin.
