Standard Chartered Still Keen on Bitcoin to $200K By Year End, Predicts $135k by End of Q3
The post Standard Chartered Still Keen on Bitcoin to $200K By Year End, Predicts $135k by End of Q3 appeared on BitcoinEthereumNews.com.
Standard Chartered has reaffirmed its bullish price expectation for Bitcoin by the end of 2025, projecting a new target for the year’s third quarter. The firm released a fresh outlook for Bitcoin for the second half of the year, following a lower-than-expected 14.67% uptick in the first six months of 2025. Geoffrey Kendrick, the $1.1 trillion bank’s head of digital asset research, projected a stellar end to the year and highlighted possible catalysts for this run. Bitcoin Up for a Bullish H2 Bitcoin broke a new all-time high of $112,000 in May but missed Standard Chartered’s $120,000 target by the end of Q2. Nonetheless, it remains keen on a surge to new price discoveries for the premier asset. Kendrick told clients on Wednesday that Bitcoin would hit $135,000 by the end of the year’s third quarter, a 25% uptick from its current price. He mentioned that the exchange-traded funds (ETFs) inflow and Bitcoin accumulation by corporate treasury firms would drive this rally. Data shows that ETFs bought 118,424 BTC in H1, while public firms purchased over two times that number, amassing 245,510 BTC. Kendrick insisted that these numbers would continue to rise in Q3 and Q4, taking Bitcoin’s price with it. Furthermore, the analysis suggested that policy shifts in the United States would also drive the expected uptrend. Rumors are circulating that Donald Trump wants to remove Federal Reserve Chair Jerome Powell, and Standard Chartered believes that his early retirement, along with the subsequent quantitative easing, would increase the appetite for risk assets, favoring Bitcoin. Moreover, other policies, such as the House’s passage of the GENIUS stablecoin bill, are also a strong catalyst. The legislation has already received a nod from the US Senate and would become law pending approval from the House and the president. Bitcoin’s Four-Year Cycle Defiance…
Filed under: News - @ July 3, 2025 1:27 am