According to the Global Financial Department Standard Chartered, Bitcoin (BTC) is on the way to a new highest time. The bank expects BTC to climb to a new top of $ 135,000 in the third quarter this year. The bank also expects BTC to hit $ 200,000 at the end of 2025.
Why is the standard chartered hausse on bitcoin?
According to the report shared with COINTELEGRAHIncreased corporate acquisitions and large BTC ETF inflows are two primary reasons behind the bank’s hazardous views. BTC ETFs have seen consistent inflows since June 6. The inflow did not even end during volatile times, for example during the Israel-Iran conflict increase. The first instance of outflows came on Tuesday, July 2.
Despite the raised prediction, the bank expects some volatility later this year. BTC was able to see a price dip in September or October 2025. According to Standard Chartered’s Digital Asset Research Head Geoff Kendrick, ”Thanks to increased investor flows, we believe that BTC has gone beyond the previous dynamics whereby prices dropped 18 months after a “halving” bike.“
Kendrick does not anticipate that Bitcoin (BTC) will stay at $ 200,000. In an interview in February with CNBC, the analyst stated that BTC could meet $ 500,000 before President Trump’s second mandate quits. This would put BTC on a track with meeting half a million dollars in 2028.
Kendrick is not the only expert who predicts BTC will eventually meet the $ 500,000 mark. Binance founder Changpeng Zhao (CZ) also believes that BTC can reach anywhere between $ 500,000 and $ 1 million this cycle.