Analyst: Institutional Demand Could Push Bitcoin (BTC) Past $200,000 by 2025

As long as the market avoids black swan events, the price of Bitcoin may continue to rise, driven by ETF inflows and institutional demand.

Demand from financial institutions could push the price of Bitcoin to $200,000 per coin by 2025, according to two research reports.

Institutional demand from ETFs and traders seeking to hedge macroeconomic risks could double the price of Bitcoin this year, according to analysts at Standard Chartered Bank and Intellectia AI.

"While this forecast looks optimistic, it is also conditional. Any black swan event - from major regulatory crackdowns to geopolitical events - could disrupt this trend," Fei Chen, chief investment strategist at Intellectia AI, said in an interview.

Bullish sentiment

As Bitcoin surpassed $90,000 on April 22, hitting a six-week high, it reflected that traders viewed Bitcoin and gold as potential hedges against the coming trade war and geopolitical turmoil.

The price action came after U.S. spot Bitcoin ETFs saw their largest single-day net inflows since January.

According to CoinGlass, 11 U.S. spot Bitcoin funds attracted a total of more than $380 million in net inflows on April 21.

Intellectia AI said that drivers of institutional demand — including corporate Bitcoin buyers and exchanges like Coinbase and Kraken — are likely to continue to drive prices higher.

Corporate Bitcoin treasuries already hold nearly $65 billion in Bitcoin, according to Bitcointreasuries.net.

Hedge or speculate?

Investment bank JP Morgan said in a January research note that gold and Bitcoin "appear to have become more important components of investors' portfolios" as they increasingly look to hedge against geopolitical risks and inflation.

However, since U.S. President Donald Trump announced massive import tariffs on April 2, Bitcoin has been less correlated with gold, which has historically been seen as a preferred hedge against macroeconomic uncertainty, according to an April 7 report from Binance Research.

In fact, Binance said Bitcoin is more correlated with the stock market.

Ironically, continued ETF inflows could further weaken Bitcoin’s position as a macroeconomic hedge, eroding one of its most attractive qualities to institutional investors, Spencer Yang, a core contributor to the Fractal Bitcoin crypto infrastructure project, said in an interview.

“Despite growing institutional interest, Bitcoin’s long-term resilience will not be guaranteed by balance sheet numbers alone — it relies on actual usage,” Yang said.

“That means people are actually transacting, building, and experimenting on the network — not just holding Bitcoin as a speculative asset.”