Bitcoin (BTC) is 2% below its historical maximum (ATH) of $ 124,000. For the specialist, the entry of institutional capital will be key. Standard Chartered, the bank based in the United Kingdom, published new projections for the price of Bitcoin (BTC) by 2025. For Geoffrey Kendrick, the head of digital asset research of the entity, Bitcoin is preparing for a movement that will boost it up to $ 135,000 in the short term. This was stated in a report sent to investors. At the time of publication of this note, BTC is negotiated above $ 121,000as observed in the following graphic provided by TrainingView:
BTC quote in the last 12 months. Source: TrainingView. Kendrick said that the closure of the United States government is one of the reasons why BTC could rise to those levels in the short term. As cryptootics has reported, the closure of the federal government occurs When the US Congress does not approve of time financingwhich stops non -essential activities and leaves thousands of public employees in their homes. This year there was disagreements between Democrats and Republicans on health subsidies and spending levels, although key services such as Medicare, Defense and the Army remain active. The fact generates uncertainty among investors, who They look for refuge in assets such as gold, treasure bonds or BTC. In this regard, Kendrick states: «The closure is important this time. During the previous Trump closure (from December 22, 2018 to January 25, 2019), BTC was in a situation different from the current one, so it had little impact. However, this year, BTC has quoted taking into account the ‘risks of the US government’, as evidenced by its relationship with the term premium of the treasure bonds ». The following graph, which shows the relationship between BTC (green line) and the term premium of the American treasure bonds (blue line), supports Kendrick’s statement.
BTC price and United States Treasury bond performance. In general, it is observed that when the 10 -year term raises, BTC tends to rise, and when it goes down, the price of BTC also usually adjusts down, showing a certain correlation. When the term premium rises, it reflects greater uncertainty or risk in traditional markets, such as treasure bonds. In that context, BTC can upload because many investors see it as An alternative asset against political or financial risks.
Another price catalyst is the entrance of institutional capital through the BTC -contained stocks (ETF). The specialist says that, although the Golden ETFs have exceeded those of BTC recently, flows to financial instruments based on digital asset are about to recover. Since its launch to the market, in January 2024, BTC -based funds captured 60,000 million dollarsof which 23,000 million were in 2025.
Inputs and money outputs in the Bitcoin ETFs. Source: Sosovalue. Only this week, more than 2,250 million dollars accumulated. For that reason, Standard Chartered Projects to attract another 20,000 million dollars by the end of 2025.
If this happens, British bank specialists do not rule out that the currency created by Satoshi Nakamoto reaches $ 200,000.
