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From Cardano’s Hoskinson to Standard Chartered: Why Big Names See Bitcoin Hitting $250K
The recent surge in Bitcoin (BTC) has led prominent figures from the crypto space and traditional finance to revise their targets, with some even suggesting a $250,000 valuation by 2025. The most recent catalyst came when Cardano’s founder, Charles Hoskinson, reiterated his long-standing forecast on July 11, emphasizing that a “gigachad bull run” is imminent due to pending U.S. legislation and macro shifts.
In the aftermath of this statement, a top global bank has echoed similar sentiments, further solidifying the notion that such targets are no longer an outlier in the cryptocurrency space.
Standard Chartered’s head of FX and digital assets research, Geoff Kendrick, recently spoke with CNBC, revealing that their prior target of $120,000 was indeed too conservative. The institution now forecasts a more optimistic outcome, suggesting Bitcoin could reach $150,000 to $200,000 by the end of 2025. However, this prediction is not limited to traditional finance; institutions are also backing up these forecasts.
ARK Invest, in its 2025 valuation update, projects that if global institutions allocate just 2.5% of their portfolios to Bitcoin, the asset could reach an astonishing $682,000 by 2030. While this target may seem excessive at first glance, it aligns with Standard Chartered’s revised forecast over a shorter time frame. This is especially true if regulatory certainty accelerates investment decisions.
Beyond these forecasts, significant on-chain data suggests that institutional capital will continue to flood the market. Wallets holding more than 1,000 BTC have grown by 3% month-over-month, according to Glassnode. Furthermore, retail participation continues to rise, with smaller holders, often referred to as shrimp and crab wallets, adding over 19,000 BTC per month.
Additionally, corporate holdings remain concentrated in the hands of a few major players, such as Michael Saylor’s Strategy, which controls an astonishing 3.2% of the total circulating supply. The post-halving trajectory is also following previous cycles, with Bitcoin already gaining over 26% year-to-date following its halving event in April.
In light of these developments and considering regulatory clarity is key to unlocking a significant influx of capital, it’s no surprise that big names are revising their forecasts upward.
Source: coinchapter.com
