LATEST: Standard Chartered Sees Bitcoin Hitting $200K by Year-End

Standard Chartered has issued a bullish forecast for Bitcoin, expecting the leading cryptocurrency to reach $135,000 by the end of Q3 and soar past $200,000 by year-end. The bank cites strong corporate treasury buying and steady inflows into Bitcoin exchange-traded funds (ETFs) as key drivers. Geoff Kendrick, head of digital asset research, says these forces have pushed Bitcoin beyond its usual post-halving price drop pattern.

The report argues Bitcoin’s halving cycle no longer holds the same power as before, thanks to robust ETF demand and corporate accumulation. Previous halvings in 2016 and 2020 led to price declines 18 months after the event, but Kendrick suggests this time will be different. Standard Chartered even predicts Bitcoin could hit $500,000 by 2028.

According to SoSoValue, US spot Bitcoin ETFs saw $342.3 million in outflows on Tuesday after 15 straight days of inflows totaling $4.8 billion. Kendrick expects ETF and treasury purchases to surpass 245,000 BTC in both Q3 and Q4.

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