$19B crypto crash opens door to $200K Bitcoin in 2025: Finance Redefined
A recent $19 billion crypto liquidation event may present a buying opportunity, potentially fueling Bitcoin's rise to $200,000 by 2025.Summary
Geoff Kendrick, Standard Chartered’s global head of digital assets research, suggests that the recent record $19 billion market liquidation, which briefly pushed Bitcoin to a four-month low, could be viewed by investors as a buying opportunity. This dynamic might fuel a rally, leading Bitcoin to reach $200,000 by the end of 2025, despite current headwinds like low US spot Bitcoin ETF inflows, which are contributing to Bitcoin's worst October performance since 2013. Kendrick maintains an official forecast of $200,000 by year-end and even sees a bear case above $150,000 if the Federal Reserve continues cutting interest rates. The article also briefly mentions unrelated developments, including Hong Kong approving its first spot Solana ETF, Aave DAO proposing a $50 million annual token buyback program, and Chinese AI models outperforming US counterparts in crypto trading experiments.
(Source：Cointelegraph)