Standard Chartered predicts Bitcoin's price will hit $250,000 by 2025

Despite recent volatility, Standard Chartered forecasts a bullish trajectory for Bitcoin (CRYPTO:BTC), predicting a rise to $150,000 by the end of 2024 and potentially reaching $250,000 in 2025.

The global banking giant attributes this optimism to Bitcoin's comparison with gold, highlighting ETF impacts and its role as a digital store of value.

The bank suggests that if ETF inflows and institutional investments continue, Bitcoin could exceed $250,000, driven by its scarcity and demand as a hedge against economic uncertainty.

However, concerns over ETF outflows and market dependence linger amidst fluctuating investor interest.