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Standard Chartered Bank and Bernstein are bullish on BTC: it may reach $200,000 in a few years.
Gate News bot news, analyst Scott Melker predicts that by the end of 2025, Bitcoin (BTC) will reach $250,000, as volatility drops and its connection to TradFi becomes increasingly tight. Meanwhile, Blockstream CEO Adam Back has proposed a more aggressive target: between $500,000 and $1,000,000, as he believes the current price still lags behind actual adoption rates and demand levels.
Standard Chartered Bank and Bernstein both predict that the price of Bitcoin will reach or exceed $200,000 in the coming years, indicating that major financial institutions are optimistic about the long-term prospects of Bitcoin.
Source: Cryptodnes