Bitcoin Could Hit $200,000 by 2025 Amid Key Regulatory Changes, Analyst Predicts

Jeff Kendrick, global head of digital asset research at Standard Chartered, predicts Bitcoin could reach $200,000 by the end of 2025, regardless of the outcome of the 2024 US presidential election.

Kendrick attributes this potential spike to three key factors: the likely repeal of Statement of Accounting Bulletin-121 (SAB-121), which restricts banks from holding digital assets for clients, a slight rise in inflation, and positive inflows into exchange-traded funds (ETFs) for Bitcoin.

Kendrick expects that both Donald Trump and Kamala Harris will abolish SAB-121, and suggests that changes in the leadership of the Securities and Exchange Commission, particularly SEC Chairman Gary Gensler, could have a positive impact on the crypto market.

Furthermore, Kendrick sees Bitcoin reaching $125,000 by the end of 2024, especially if Trump secures the presidency, and reaching $200,000 by 2025, regardless of the political environment. He also expects more crypto ETFs to be approved soon, including for Solana, which will further spur market growth.

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