- Standard Chartered continues to face by its daring long-term name of Bitcoin reaching $500,000 by 2028.
- The financial institution’s $200,000 forecast for year-end 2025, if realized, would mark a near-doubling from present ranges.
- In his be aware, Kendrick argued that the dynamics driving BTC have basically modified.
Standard Chartered is doubling down on its bullish outlook for Bitcoin, forecasting the cryptocurrency will rise to $135,000 by the top of the third quarter and breach the $200,000 mark by the shut of 2025.
The prediction, printed in a analysis be aware Wednesday, attributes the power of Bitcoin’s rally to elevated institutional demand, particularly from exchange-traded funds (ETFs) and company treasuries.
The newest projections come from Geoff Kendrick, head of digital asset analysis at Standard Chartered, who has been persistently optimistic on Bitcoin’s long-term trajectory.
In his be aware, Kendrick argued that the dynamics driving BTC have basically modified, marking a departure from the cryptocurrency’s historic halving cycle patterns.
The brand new drivers behind BTC’s actions
Kendrick mentioned that Bitcoin has “moved beyond the previous dynamic whereby prices fell 18 months after a ‘halving’ cycle,” referring to the roughly four-year interval when the Bitcoin community reduces mining rewards by half.
This mechanism has traditionally pushed provide shocks that led to cost booms adopted by corrections, usually inside an 18-month window.
Nevertheless, Kendrick mentioned the most recent halving in April 2024 is unlikely to observe the identical trajectory because of the emergence of stronger demand drivers absent in earlier cycles.
“We expect prices to resume their uptrend, supported by continued strong ETF and Bitcoin treasury buying,” Kendrick wrote.
Based on the report, ETF and company treasury flows accounted for about 245,000 BTC within the second quarter of 2025 alone.
Kendrick initiatives that stage might be exceeded in each the third and fourth quarters, citing deepening institutional adoption as a structural assist for greater costs.
His feedback come as spot Bitcoin ETF flows in america turned unfavorable for the primary time in additional than two weeks.
Based on information from SoSoValue, US-listed spot Bitcoin ETFs noticed $342.3 million in web outflows on Tuesday, ending a 15-day streak of constructive inflows that had totaled $4.8 billion.
Bitcoin at $500K
Standard Chartered continues to face by its daring long-term name of Bitcoin reaching $500,000 by 2028.
This forecast is premised on sustained institutional curiosity and broader macroeconomic situations that would favour digital belongings over conventional shops of worth.
The financial institution’s $200,000 forecast for year-end 2025, if realized, would mark a near-doubling from present ranges.
As of Wednesday, Bitcoin was buying and selling at roughly $107,500.
Regardless of the latest outflow from ETFs, Kendrick’s outlook means that large-scale institutional allocation to Bitcoin stays a secular pattern, with rising curiosity from company treasuries probably altering how companies handle steadiness sheet belongings.
Bitcoin is up greater than 70% over the previous yr.
