Why Standard Chartered $1.1 Trillion Bet Puts Bitcoin at $200K

One of the world’s major banks, Standard Chartered, is once again catching attention for its big bet on BTC. With roughly $1.1 trillion in assets under management, the bank says BTC could hit $200,000 in the future, a forecast that’s sure to stir debate among traders.

This big price call has been shared again by crypto news accounts. It reminds traders and investors that some of the biggest names in global finance still see huge growth ahead for digital coins.

Source: X

Where This Prediction Came From

Earlier this year, Standard Chartered released a note that laid out why it thinks BTC has room to grow. The 3 Reasons were pointed out:

More ETF Buying: New spot Bitcoin ETFs now let major players get direct exposure to BTC. Many pension funds and wealth managers have already poured billions into these funds since they launched. This steady buying supports prices, according to Standard Chartered.

Halving Cuts Supply: In April, Bitcoin’s code cut the number of new coins created each day in half. Less new supply means there’s more pressure on price if demand stays strong, and that’s happened before.

When the new supply drops but demand stays strong, prices often climb. That’s happened in past cycles, too.

Major players joining in: More hedge funds, pensions, and big money managers are adding the digital coin to their portfolios. Some see it as a shield against rising prices or shaky markets, Standard Chartered noted.

This same view is now making the rounds again on social media, catching the eye of traders looking for fresh price signals.

What $200,000 Means for Bitcoin

If BTC did hit $200,000, it would more than triple where it trades today, which is about $62,000. That would smash its last record of $69,000 from 2021.

At that price, total market value could be close to $4 trillion, making it a real rival to gold as a store of value.

Looking back, the digital coins has made big jumps like this before. Back in 2020, the last halving pushed Bitcoin’s price from roughly $8,000 to almost $70,000 within two years. Many in the crypto community expect a similar surge now.

Source: Crypto Rover

What Traders Should Watch

Large capital players believe: When a huge bank like Standard Chartered shares such a huge target, it shows BTC is still seen as a serious long-term investment by large institutions.

Don’t Expect a Straight Line: Even with sky-high targets, digital coins are known for catching people off guard. One sudden drop can ruin profits fast, so traders keep a close eye and adjust before things go south.

Where Big Banks See BTC Going Next: Not every Major bank shares Standard Chartered’s large number. Some research teams see the digital coin's topping out somewhere around $100,000 to $120,000 instead. The gap shows just how split experts are on what comes next.

What comes next really depends on a few big pieces falling into place:

• How the US handles interest rates this year

• What happens with global inflation

• Whether Bitcoin ETFs keep bringing in steady money

Crypto watchers are following these trends closely to see if Standard Chartered’s bold call could come true.