Bitcoin May Exceed $200,000 by 2025 as Digital Assets Recover:
Jeffrey Kendrick, Head of Digital Asset Research at Standard Chartered Bank,
has predicted that Bitcoin prices could exceed $200,000 by the end of 2025.
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Standard Chartered: Bitcoin May Exceed $200,000 by 2025 as Digital Assets Recover
Jeffrey Kendrick, Head of Digital Asset Research at Standard Chartered Bank,
has forecasted that Bitcoin prices will surpass $200,000 by the end of 2025,
driven by increasing institutional investment in digital assets.
In a report cited by the Binance Exchange, Kendrick stated that Ethereum prices might reach $10,000 within the same period.
Kendrick explained that investment entities such as pension funds and exchange-traded funds (ETFs)
would play a significant role in driving up the prices of digital assets.
He also expressed optimism about the cryptocurrency market’s recovery, supported by positive indicators,
including regulatory changes and supportive measures initiated by the U.S. government under President Donald Trump’s leadership.
Additionally, Kendrick noted that more minor digital currencies could achieve substantial gains,
benefiting from new ETF approvals and regulatory developments despite their recent performance declines.
He emphasized that institutional adoption of digital assets
would be one of the main factors boosting future growth in the cryptocurrency market.
Japan-US Trade Surplus Hits Record Levels Amid Tariff Threats
Japan’s trade surplus with the United States in 2024 surpassed the average levels recorded during President Donald Trump’s first term,
reflecting Japan’s continued export of significant quantities of goods to the world’s largest economy while importing less.
According to official data released on Thursday,
Japan’s trade surplus with the United States amounted to ¥8.6 trillion (equivalent to $54.9 billion),
far exceeding the ¥6.7 trillion average recorded between 2017 and 2020.
This increase was driven by higher automobile and auto parts exports,
along with a 7.7% depreciation of the Japanese yen compared to the previous year,
averaging ¥150.97 per dollar.
This significant trade surplus growth suggests that Japan may face potential decisions from the Trump administration.
The administration has long criticized countries with substantial
trade surpluses with the United States and threatened to impose tariffs on their imports.
On the other hand, the data showed Japan recorded
a trade deficit of ¥6.4 trillion with China during the same year,
which was the primary reason for its global trade deficit.
This highlights the global trade challenges Japan faces with its key economic partners.
Bitcoin May Exceed $200,000 by 2025 as Digital Assets Recover.