According to a report by Business Insider, analysts at Standard Chartered Bank believe that Bitcoin's surge of over $100000 yesterday may just be the starting point for a broader rebound, with the potential to double next year.

Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank, reiterated in a report released on Thursday the potential $200000 target price for Bitcoin by the end of 2025 and stated:

If BTC is adopted more quickly in US retirement funds, global sovereign wealth funds (SWFs), or potential US strategic reserve funds, we will be even more bullish

Kendrick It is expected that the incoming Trump government will stimulate the demand of institutions to further increase. During the election, Trump made a commitment to support cryptocurrency, and inspired the industry through such ideas as establishing a national Bitcoin reserve. In addition, the new Bitcoin exchange traded fund (ETF) options trading should accelerate the demand growth for "pure long" investors, such as retirement funds and retirement accounts.

Kendrick He pointed out that so far, hedge funds and investment advisors have dominated the reported ETF holdings, while retirement funds only account for 1%. He wrote:

It is also worth noting that the total amount of retirement accounts/funds in the United States is $40 trillion, and even just 1% of it ($400 billion) would be a huge influx of funds, which could significantly push up the price of Bitcoin

It is believed that the demand for institutions led by micro strategies will further increase

Kendrick The initial prediction was that Bitcoin would rise to $100000 in 2023, mainly due to the expected improvement in regulatory environment and decrease in volatility, which would drive institutional investors' capital inflows. He believes that with the increasing demand for MicroStrategy and Bitcoin ETFs, this trend will continue until 2025.

The report indicates that the buying frenzy driven by micro strategies has also stimulated the rise of tokens, and analysts believe that this situation may accelerate next year. This commercial software company has accumulated 386700 bitcoins (worth approximately $37.7 billion at a price of $97600) and plans to raise $42 billion over the next three years to purchase more bitcoins.

The success of micro strategies has spawned imitators, with the largest being Metaplanet, which is listed in Japan and currently holds just over 1000 BTC. Other companies have also begun to join this trend, with Germany's Acurx Pharmaceuticals recently announcing plans to purchase $1 million worth of Bitcoin for its corporate finance. "Kendrick wrote," Although these fund flows are not large, they may gradually increase over time