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Stepn x Adidas Genesis Sneakers: A New Era in Fitness

The Stepn x Adidas Genesis Sneakers Collection: A Revolutionary Partnership The fusion of the digital and physical worlds is more than a trend; it is a burgeoning reality. The recent collaboration between Stepn and Adidas exemplifies this transformative shift. With the launch of the Genesis Sneakers collection, both companies are poised to redefine the boundaries of fitness, fashion, and technology in lifestyle rewards. This partnership is not only groundbreaking but also sets the stage for future innovations in the ever-evolving landscape of fitness applications and digital assets. A New Era of Phygital Experiences Stepn, a pioneering move-to-earn FitTech app, has taken a bold leap by teaming up with a global powerhouse like Adidas. This collaboration signifies a pivotal moment in the fitness and lifestyle sector, as highlighted by Stepn CEO Shiti Manghani: Phygital Partnership : The merging of physical and digital assets marks a new direction for lifestyle rewards. Enhanced...
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Produced by Daniel Aharonoff & Mogul Media AI

Standard Chartered Bank Predicts Bitcoin Price to Surpass $200,000 by 2025

Standard Chartered Bank issued a prediction on Monday stating that the price of Bitcoin could surpass $200,000 by the end of 2025 if ETF-related inflows materialize as expected. The head of financial research at Standard Chartered Bank, Geoffrey Kendrick, emphasized the potential for Bitcoin ETFs to drive significant price upside for BTC by providing institutional investors exposure to Bitcoin without the need to directly purchase and store the digital asset. Notable investment firms such as BlackRock, Grayscale, Ark, iShares, Bitwise, VanEck, Wisdomtree, Invesco, Fidelity, and Franklin have Bitcoin ETFs in the final approval stages.

Key Points:

  • Standard Chartered Bank predicts Bitcoin to reach over $200,000 by the end of 2025 with ETF-related inflows.
  • Bitcoin ETFs allow investors exposure to Bitcoin's price movements without owning the digital asset directly.
  • Approval of Bitcoin ETFs could normalize institutional participation in Bitcoin and drive significant inflows and price increases for BTC.

Bloomberg's senior ETF analyst, Eric Balchunas, also shared insights on the potential impact of a Bitcoin ETF. Balchunas suggested that a Bitcoin ETF could attract substantial investments, estimating potential inflows of $10 billion in the first year, with projections of $30 billion to $50 billion over three years and potentially reaching $100 billion within five to ten years, comparable to gold's market size.

Additional Insights:

  • Balchunas expressed optimism about the approval of a Bitcoin ETF, indicating a 95% chance of approval by the SEC in January.
  • The analyst's long-term projections suggest significant growth potential for Bitcoin ETFs, potentially rivaling the market size of gold over time.

The predictions and analyses by Standard Chartered Bank and Bloomberg's Eric Balchunas underscore the growing anticipation surrounding Bitcoin ETFs and their potential impact on Bitcoin's price trajectory and institutional investment landscape. The approval of Bitcoin ETFs could mark a significant milestone in the broader adoption and normalization of Bitcoin within traditional financial markets.

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