Approval of Spot Bitcoin ETF Might Drive BTC Price to $200,000.

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Standard Chartered, a big financial company, believes that the price of Bitcoin (BTC) could go up to $200,000 by the end of 2025. They think this might happen if the US SEC (Securities and Exchange Commission) approves something called a "spot BTC ETF" (Exchange Traded Fund).

If the SEC approves a specific kind of ETF called a "spot BTC ETF," Standard Chartered believes that this could make more people interested in investing in Bitcoin. This increased interest might lead to more demand for Bitcoin, and when demand goes up, prices often go up too. So, the bank is making a prediction that if everything goes as they expect, the price of Bitcoin could reach $200,000 by the end of 2025.

Standard Chartered's experts, Geoff Kendrick and Suki Cooper, are saying that if more people start investing in Bitcoin through a specific type of investment fund called ETFs, the price of Bitcoin could reach $200,000 by the end of 2025.

They also predict that by the end of this year, ETFs based in the US (specifically, those that track the actual price of Bitcoin) will be holding a significant amount of Bitcoin, somewhere between 437,000 to 1.32 million. In simpler terms, Standard Chartered believes that if more money flows into Bitcoin through these investment funds, and they accumulate a lot of Bitcoin, it could drive the price of Bitcoin up to $200,000 by the end of 2025.

Right now, Standard Chartered is saying that if Bitcoin's price goes up to $200,000 (which is about 4.3 times its current level), it would mean a growth or increase of around 327%.

To explain further, the analysts at Standard Chartered are comparing this potential growth to what happened with gold investment products (called ETPs) in the past. They're saying that it took seven to eight years for gold ETPs to grow by 4.3 times. However, they believe that if the US approves a specific type of Bitcoin investment fund (ETF), Bitcoin could experience a similar level of growth but in a much shorter time—maybe within one to two years. The reason they think it could happen faster is because they expect the market for Bitcoin ETFs to develop more quickly than it did for gold investment products. So, they're suggesting that Bitcoin's price could go up significantly in a shorter time if things go as they anticipate with these investment funds.

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When do experts think the SEC will give the green light to a spot Bitcoin ETF?

According to CNBC analysts, we could see the approval of a Bitcoin ETF that focuses on the actual price of Bitcoin by Wednesday, January 10, 2023.

Bloomberg suggests there's a high likelihood (95%) that the SEC will give the thumbs up to one or more Bitcoin ETFs that track the actual price of Bitcoin. Additionally, many experts believe the SEC might announce this approval as soon as this week.

If the SEC gives the green light to a spot Bitcoin ETF, the price of Bitcoin could go up a lot. Also, the overall cryptocurrency market might experience a strong and positive upward trend, similar to the bullish market we saw in 2021.

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