Bitcoin Could Hit $200,000 by 2025 Amid Key Regulatory Changes, Analyst Predicts

Jeff Kendrick, global head of digital asset research at Standard Chartered, predicts Bitcoin could reach $200,000 by the end of 2025, regardless of the outcome of the 2024 US presidential election.

Kendrick attributes this potential spike to three key factors: the likely repeal of Statement of Accounting Bulletin-121 (SAB-121), which restricts banks from holding digital assets for clients, a slight rise in inflation, and positive inflows into exchange-traded funds (ETFs) for Bitcoin .

Kendrick expects that both Donald Trump and Kamala Harris will abolish SAB-121, and suggests that changes in the leadership of the Securities and Exchange Commission, particularly SEC Chairman Gary Gensler, could have a positive impact on the crypto market.

Furthermore, Kendrick sees Bitcoin reaching $125,000 by the end of 2024, especially if Trump secures the presidency, and reaching $200,000 by 2025, regardless of the political environment. He also expects more crypto ETFs to be approved soon, including for Solana, which will further spur market growth.

With the U.S. presidential race in 2024 elevating crypto policies to the national stage, many voters see crypto regulation as a key issue, with 73% of respondents in a recent Gemini Exchange survey indicating that it will influence their vote.