Standard Chartered Predicts Bitcoin Surge to $200K, Dismissing Halving Impact

Analysts at Standard Chartered Bank have projected that the price of Bitcoin could rise to $200,000 by the end of 2025, with an interim target of $135,000 set for the third quarter.

The primary factors driving this anticipated growth are believed to be inflows into spot ETFs and corporate acquisitions of Bitcoin. Jeff Kendrick, the head of digital asset research, pointed out that these two elements were not present during previous market cycles.

Kendrick suggests that the traditional halving cycle model may no longer be effective. Previously, the price of the digital asset tended to decline roughly 18 months after the miner reward halving. He believes that new factors have disrupted this pattern.

In the second quarter, the total Bitcoin purchases via ETFs and corporate reserves reached 245,000 BTC. The bank anticipates that this figure will increase in the third and fourth reporting periods.

However, Kendrick does not rule out potential volatility at the end of the third quarter due to investor concerns about a correction following the old model.

It’s worth noting that in July, Standard Chartered assessed the impact of corporate Bitcoin strategies on the value of digital gold.