- Standard Chartered’s Geoffrey Kendrick forecasts stronger institutional inflows in 2025 with Bitcoin potentially reaching US$200,000, though regulatory clarity under Trump remains a concern.
- The SEC shows positive signs for crypto with Acting Chair Mark Uyeda launching a “crypto 2.0” task force led by Hester Peirce to improve relations with the industry.
- Kendrick advises buying during market corrections while warning of potential risks from Trump’s trade policies, which could impact digital assets through increased inflation.
The crypto market has been on somewhat of a roller coaster over the past few days, with some stomach-churning ups and downs. Although crypto is likely to see more short-term volatility, Standard Chartered expects more money to flow in during 2025 than 2024.
Geoffrey Kendrick, head of digital assets research at the bank, said the lack of regulatory clarity so far by the Trump administration is reason for concern.
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A couple of days before Trump’s inauguration, during a CNBC interview, Kendrick expressed hopes that Trump’s second term would bring some “regulatory changes” fairly quickly. He also had hoped that a Strategic Bitcoin Reserve was high on Trump’s to-do list; alas, it wasn’t.
Buy the Dip, Says Analyst
In a recent report, Kendrick highlighted that despite expected increases in institutional inflows in the medium term, Trump’s silence on crypto might trigger market corrections, presenting dip-buying opportunities.
We recommend buying the dips in anticipation of medium-term moves higher.
Geoffrey Kendrick, Standard CharteredHe warns that unfulfilled promises by the administration could lead to a prolonged market downturn and that tighter trade tariffs could inflate US prices and hurt digital assets.
Despite these risks, Kendrick remains optimistic, viewing any significant Bitcoin price drops as opportunities and predicting that the price per BTC could reach AU$318,806 by year’s end.
The high could likely be fuelled by institutional flows, including pension funds:
The dominance of institutional inflows to ETFs is likely to support BTC and ETH performance; we see their prices reaching the $200,000 and $10,000 levels by end-2025, respectively.
Geoffrey Kendrick, Standard CharteredSEC Looks to Reset Relationship with Crypto
There are other positive developments for the crypto industry as well. For example, the appointment of pro-crypto Commissioner Mark Uyeda as acting chair of the SEC has already yielded positive outcomes.
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On his first day as acting chair, Uyeda announced the establishment of a crypto task in an effort to reset relations with the sector. The initiative was dubbed “SEC Crypto 2.0” and will be led by Hester Peirce, looking to undo some of the damages done by Gary Gensler.
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