{"id":137689,"date":"2024-09-22T18:00:49","date_gmt":"2024-09-22T15:00:49","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137689"},"modified":"2024-09-22T02:07:56","modified_gmt":"2024-09-21T23:07:56","slug":"bitcoin-could-hit-200000-by-2025-amid-key-regulatory-changes-analyst-predicts","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-could-hit-200000-by-2025-amid-key-regulatory-changes-analyst-predicts\/","title":{"rendered":"Bitcoin Could Hit $200,000 by 2025 Amid Key Regulatory Changes, Analyst Predicts"},"content":{"rendered":"

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<\/strong><\/a>.<\/p>\n

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.<\/p>\n

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.<\/p>\n