Standard Chartered predicts Bitcoin inflow of $50 billion to $100 billion after spot ETF approval
The cryptocurrency market has experienced ups and downs over the past 10 years, with Bitcoin leading the way. As the market continues to develop, industry experts are predicting significant inflows into the Bitcoin market following the approval of the Spot Bitcoin ETF.
In this article, we look at the potential impact a spot Bitcoin ETF could have on the market and why Standard Chartered predicts inflows of $50 billion to $100 billion by 2024.
Why is Standard Chartered forecasting inflows of $50 billion to $100 billion?
Standard Chartered’s forecasts are based on a number of factors. First, the approval of the Spot Bitcoin ETF will provide institutional investors with a regulated and safe way to invest in Bitcoin. This will open the market to a new pool of investors who may have previously been hesitant to invest due to regulatory or security concerns.
second, This approval will provide an easier way for retail investors to invest in Bitcoin as they will not have to go through the process of purchasing and storing the digital asset themselves. This could increase demand for Bitcoin, causing its price to rise.
Bitcoin price will surge to $200,000 by 2025
Standard Chartered predicted that the Bitcoin price could reach $200,000 by the end of 2025. This is a significant increase from its current value and will surpass its previous high. However, the bank’s forecast depends on whether the U.S. Securities and Exchange Commission (SEC) approves a spot Bitcoin ETF.
If approved, institutional investors would have a safe and regulated way to invest in Bitcoin, potentially pushing prices higher and tightening regulations. Although some experts are optimistic about Bitcoin’s future, it is important to approach predictions with caution. Cryptocurrency markets are volatile and past performance is not indicative of future results.
This prediction from Standard Chartered will have a positive impact on the cryptocurrency market as the approval will certainly send the price of Bitcoin skyrocketing anyway as it provides institutional investors with a regulated and safe way to invest in Bitcoin. It is clear that the approval of a Bitcoin ETF has the potential to revolutionize the cryptocurrency market and pave the way for further adoption by mainstream institutions.