Banking giant sets Bitcoin price for end of 2025
Bitcoin (BTC) still has a 125% upside potential in 2025, according to estimates by Standard Chartered. In an investor note dated Tuesday, April 22, Geoff Kendrick, the bank’s Global Head of Digital Assets Research, set a $200,000 price target for Bitcoin by the end of 2025, citing the asset’s evolving role as a hedge against financial risks in the private and government sectors. This bold prediction comes as Bitcoin bulls and bears continue to battle over the asset’s next trajectory. At the time of reporting, BTC was valued at $88,740, up 1.7% in the past 24 hours. Bitcoin seven-day price chart. Source: Finbold Kendrick highlighted the cryptocurrency’s resilience during financial instability, crediting its decentralized ledger system. Notably, the leading digital asset has remained mainly in a state of consolidation, while equities experienced massive volatility as trade tensions between the U.S. and China put increasing pressure on global financial system...