Standard Chartered: Institutional capital inflows are expected to push BTC and ETH to $200,000 and $10,000 respectively this year

avatar
ODAILY
01-23
This article is machine translated
Show original
According to a report by Standard Chartered Bank, it is expected that the capital inflow from institutional investors into the Bitcoin sector this year will exceed that of last year. These funds will mainly come from pension funds, and are expected to drive Bitcoin to reach $200,000 by the end of this year. The report also said that Ethereum may also benefit from the influx of new capital and hit a new high by the end of this year. The report stated: "The dominance of institutional capital inflows into ETFs may support the performance of BTC and ETH; we expect their prices to reach $200,000 and $10,000 respectively by the end of 2025." (Decrypt)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Followin logo