COINOTAG News reports that the recent surge in Bitcoin prices can be attributed significantly to the inflow of capital from institutional investors, as indicated by Geoff Kendrick, the Global Head of Digital Asset Research at Standard Chartered Bank. In his latest research report, Kendrick highlights a notable uptick in investments in Bitcoin spot ETFs, reflecting a broader trend of institutional engagement. Concurrently, MicroStrategy’s aggressive accumulation strategy has exceeded market anticipations, signaling strong confidence in Bitcoin’s long-term viability.
Kendrick forecasts that institutional fund flows may not only persist but could also accelerate as we approach 2025. He notes that upcoming regulatory changes under a potential new administration could further enhance investor sentiment, resulting in a more robust influx of funds. Given this backdrop, Kendrick posits a year-end price target for Bitcoin of approximately $200,000 by 2025, contingent on substantial allocations from U.S. pension funds and global sovereign wealth entities. In his view, the concept of a U.S. “Bitcoin Strategic Reserve” could bolster market confidence, though he categorizes this scenario as low-probability.