Geoff Kendrick from Standard Chartered predicts BTC price will hit $200K in 2025. Bitcoin surpassed the $100K milestone on December 5 for the first time in history, and Kendrick anticipates this price will double next year…
Geoff Kendrick’s Prediction: $200K Bitcoin Price in 2025 Is Possible
Geoff Kendrick, senior analyst at Standard Chartered, stated in his research note on Thursday that Bitcoin’s recent surge was primarily driven by institutional investors and their growing interest in spot ETFs. Additionally, the victory of pro-crypto Trump in the U.S. elections also played a role in this latest upward trend.
Kendrick also pointed out that Bitcoin whale MicroStrategy is accumulating Bitcoin at a faster pace than expected. The company currently holds 402,100 BTC, worth over $40.5 billion. Since election day, this number has grown by 150,000 BTC, reflecting a $15 billion increase.
Kendrick emphasized that institutional investment flows are expected to continue at or above current levels in 2025. Moreover, he noted that regulatory changes introduced by President-elect Donald Trump could further strengthen these investment flows.
“We believe that a Bitcoin price target of $200K by the end of 2025 is achievable.”
What’s Next for BTC?
According to Kendrick, Bitcoin’s momentum isn’t just driven by MicroStrategy and other private companies. Pension funds and sovereign wealth funds are also contributing to this momentum through institutional investment into spot Bitcoin ETFs. Kendrick believes that if these groups increase their spot Bitcoin ETF allocations significantly, Bitcoin prices could experience much stronger upward trends.
Additionally, Kendrick highlights that if the U.S. were to establish a Bitcoin strategic reserve, this would further strengthen Bitcoin’s position and adoption.
As you may have followed on Kriptokoin.com, former New York Fed President Bill Dudley gave an opposing view to Bloomberg. Dudley believes that U.S. BTC reserves would weaken the global dominance of the U.S. dollar. On the other hand, El Salvador, led by President Nayib Bukele, reported profits of over $300 million from its Bitcoin investments.
Bitcoin’s Price Movement: Volatility in Recent Days
Bitcoin experienced significant volatility in recent days. After briefly surpassing $100K, the cryptocurrency faced an abrupt wave of selling, which caused its price to drop as low as $93K at one point. However, by Friday, market conditions appeared calmer, and Bitcoin’s price began to recover, trading near the $100K level once again.
FXTM analyst Lukman Otunuga noted that Bitcoin could pull back to $95K if the selling pressure persisted. Nevertheless, he suggested that a strong market close could signal a continuation of the upward trend.
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