Bitcoin (BTC) Price Prediction: Stargling New Estimates Target $200K as Institutional FOMO Builds

According to OKG Research, just 0.01% of publicly traded corporations all around the world have Bitcoin (BTC) right now.

Only 0.01% of publicly traded companies worldwide currently own Bitcoin, a surprisingly low figure that highlights the untapped potential for institutional adoption of the coin, according to OKG Research.

Conservative estimates from OKG Research suggest that nearly $2.28 trillion could flow into Bitcoin over the next year. Such a massive influx of capital could drive up Bitcoin’s price to a projected $200,000, according to separate estimates from Standard Chartered Bank, Bernstein, and BCA Research.

Institutional interest, particularly in the upcoming launch of Bitcoin spot ETFs, is gaining momentum, according to Bernstein's analysis. These financial instruments are designed to make Bitcoin more accessible to mainstream investors, increasing the demand for the asset.

Standard Chartered Bank also predicts that if the regulatory environment supports crypto innovation and ETF approvals, Bitcoin could reach $200,000 by the end of 2024. These bullish projections indicate a shared belief that institutional adoption will serve as a powerful catalyst for Bitcoin's price appreciation.

While these projections are compelling, it's crucial to note the volatility inherent in the crypto market. The $2.28 trillion estimate assumes a scenario where institutional uptake and favorable regulatory conditions converge seamlessly.

This trajectory could be impacted by factors such as macroeconomic shifts, market sentiment, and potential regulatory setbacks. Nevertheless, the growing recognition of Bitcoin as a legitimate store of value and inflation hedge underscores its enduring significance in the global financial landscape.

In a broader narrative, Bitcoin's story is intertwined with geopolitical dynamics. As CNF previously reported, major industry player MARA has highlighted the strategic importance of Bitcoin to U.S. national security.

MARA's recommendations include domestic ASIC manufacturing, building up Bitcoin reserves, and incentivizing investment in U.S.-based mining operations as the global mining dominance shifts toward countries like China and Russia.