Standard Chartered, a multinational banking firm, has projected a potential surge in Bitcoin’s value to nearly $200,000 by late 2025. This prediction is based on the anticipated success of Bitcoin exchange-traded funds (ETFs) in the US. The bank’s Head of Digital Assets, Geoff Kendrick, and Precious Metals Analyst Suki Cooper believe that US-listed spot Bitcoin ETFs could attract significant inflows, potentially multiplying Bitcoin’s current price by 4.3 times.
Meanwhile, Grayscale’s Bitcoin Trust (GBTC) has already shown significant prowess, trading close to half a billion dollars and surpassing over 99% of the approximately 3,000 existing ETFs. Industry expert Eric Balchunas suggests that if spot Bitcoin ETFs get approved, Grayscale will enter the market with substantial trading volume, giving it a significant advantage over its competitors.
In the midst of the ETF buzz, a newcomer, Meme Moguls, is entering the arena. This platform, which positions itself as the world’s first meme-backed stock market/exchange, aims to capitalize on the growing interest in the cryptocurrency market. The Meme Moguls ecosystem is powered by the Meme Moguls Governance Token ($MGLS), featuring diverse meme-inspired assets and engaging community-driven features.
Simultaneously, $JTC, the native token of a legal recourse Bitcoin branch, is soon to be listed on BitMart. This listing is a significant milestone as it means the JTC blockchain’s native crypto will be available on an exchange that handles billions of dollars in volume daily and serves customers worldwide. The BitMart listing comes after almost two years of development to integrate the $JTC coin with official state and federal court systems.
$JTC is the native cryptocurrency of the JTC blockchain, which was created as a branch of Bitcoin. The miners on the JTC blockchain are attorneys and legal firms that have joined due to their interest in contributing to a legally advanced version of Bitcoin. The $JTC listing is expected to go live in the coming weeks, with both USDT and USDC pairings being made available.
As the spotlight remains on the potential approval of spot Bitcoin ETFs, these developments mark significant steps in the maturation of the cryptocurrency ecosystem. In this dynamic landscape, where traditional financial institutions make ambitious forecasts, established entities like Grayscale showcase real-time strength, and emerging platforms like Meme Moguls strive to carve their niche, the crypto market remains an ever-evolving space.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 |
| Sentiment | positive |
| Relevance Score | 1 |
| People | Suki Cooper, Jeremy Hogan, Lark Davis, Kanovitz, Geoff Kendrick |
| Companies | Meme Moguls, Jurat Blockchains, Standard Chartered, BitMart, Grayscale’s Bitcoin Trust (GBTC) |
| Currencies | Memecoin, Bitcoin, $jtc |
| Securities | None |
