PANews reported on January 23 that according to Cryptoslate, Standard Chartered Bank reported that due to the unclear policies of the new US government, the price of digital assets may continue to fluctuate in the short term, but it is optimistic about its growth potential in the medium term. The report pointed out that President Trump did not mention digital assets on his first day in office, and the market reacted negatively to this. In addition, the policy continued to be silent, and the price adjustment of mainstream cryptocurrencies such as Bitcoin and Ethereum may continue. However, the inflow of institutional funds is still an important support for medium-term growth.
Geoffrey Kendrick, head of global digital asset research at Standard Chartered Bank, suggested that investors can buy on dips to seize the opportunity of medium-term price increases. He predicted that by the end of 2025, the price of Bitcoin is expected to exceed $200,000, while Ethereum may reach $10,000. In addition, institutional investors such as pension funds may become important holders of cryptocurrency ETFs, driving up prices.
Kendrick also analyzed the three stages of the digital asset market: dashed hopes, buying on dips, and altcoin alpha. He expects that the market will gradually recover as governments begin to implement crypto-friendly policies, and specific altcoins will also benefit from the approval of new ETFs and regulatory changes. Despite the recent setbacks in the market, Kendrick is optimistic about the prospects for institutional adoption of digital assets. He believes that new capital will continue to flow in, supporting the long-term performance of Bitcoin and Ethereum. At the same time, areas such as decentralized finance will also usher in development opportunities due to the reduction of regulatory compliance burdens.
