Bitcoin could hit $200K in 2025

Standard Chartered analyst Geoffrey Kendrick advises investors to take a closer look at Bitcoin. According to him, BTC could reach $200,000 by the close of 2025. His forecast is based on a noticeable shift: investors are pulling capital out of traditional U.S. assets and turning toward crypto.

Kendrick says several market signals support this trend. These include active Bitcoin purchases outside U.S. trading hours and growing balances among large holders. He also points to the U.S. Treasury bond premium hitting a 12-year high — a level that has historically shown a strong correlation with Bitcoin’s price movement.

Trump’s Announcement Fuels Crypto Demand

Kendrick also highlighted the impact of Donald Trump’s recent announcement to temporarily suspend tariffs. Following the news, U.S. investors quickly ramped up their Bitcoin buying. Prior to that, BTC had been moving in tandem with tech stocks, but it started recovering faster — a sign, he says, that the market is leaning toward «digital gold.»

Asian traders have also joined the trend. Whales holding over 1,000 BTC continued accumulating not only during the downturn triggered by tariffs but also during the rebound that followed concerns over the Federal Reserve’s independence. This reinforced the upward momentum.

Bitcoin vs. Gold — Which Is More Reliable?

While gold remains the traditional hedge against geopolitical risks, Kendrick argues that Bitcoin is now the more effective safe-haven asset amid financial system uncertainty. His key argument: BTC’s decentralized nature makes it less vulnerable to political or regulatory influence.

At the same time, he acknowledges that gold held up more steadily during the tariff escalation, showing lower correlation with risk assets. Still, he believes institutional interest in crypto could sharply increase in the coming months — driven by upcoming ETF reports and the potential approval of stablecoin legislation in the U.S.

Earlier, Standard Chartered also projected that the stablecoin market capitalization could reach $2 trillion by 2028.