Standard Chartered, a prominent global financial institution, has issued a highly optimistic forecast for Bitcoin (BTC), predicting it will soon reach a new all-time high. The bank anticipates BTC to surge to $135,000 in the third quarter of this year, with an even more ambitious target of $200,000 by the end of 2025. This bullish outlook is primarily driven by significant corporate buying and consistent inflows into Bitcoin Exchange-Traded Funds (ETFs).

Standard Chartered's Bullish Bitcoin Outlook

Standard Chartered's confidence in Bitcoin's future is rooted in several key factors:

• Increased Corporate Buying: A growing trend of corporations acquiring Bitcoin is contributing to its demand and price appreciation.
• Large BTC ETF Inflows: Bitcoin ETFs have experienced sustained inflows, indicating strong institutional and retail investor interest. These inflows have been remarkably resilient, even during periods of market volatility, such as the Israel-Iran conflict escalation.

Despite this positive forecast, the bank does foresee some price volatility later in 2025, with a potential dip in September or October.

Beyond the Halving Cycle

Geoff Kendrick, Standard Chartered's head of digital asset research, highlights a significant shift in Bitcoin's market dynamics. He notes that increased investor flows have moved BTC beyond its historical pattern of price declines 18 months after a halving event. This suggests a more mature and resilient market for the cryptocurrency.

Long-Term Price Targets

Kendrick's long-term predictions for Bitcoin are even more ambitious. In a February interview, he suggested that BTC could reach $500,000 before the end of President Trump's second term, potentially by 2028. This sentiment is echoed by other prominent figures in the crypto space, including Binance founder Changpeng Zhao (CZ), who believes BTC could hit between $500,000 and $1 million within the current cycle.

Current Market Position

Bitcoin is currently trading just 3.6% below its all-time high of $111,814, which was achieved on May 22 of this year. A new all-time high for BTC could potentially trigger a broader market rally across the cryptocurrency ecosystem. The market's behavior in the coming weeks will be closely watched to see if these predictions materialize.

Sources:

• Standard Chartered Sees Bitcoin Reaching $200,000 by End-2025
• Public Companies Outpace ETFs in Bitcoin (BTC) Purchases for 3rd Straight Quarter as Green Minerals Adds BTC to Treasury
• Standard Chartered expects Bitcoin to hit new highs of $135K in Q3
• Bitcoin Will Jump 25% and Hit New ATH This Quarter, Newest BTC Price Prediction Says
• Bitcoin (BTC) Price Prediction: Standard Chartered Forecasts $135K in Q3 and $200K by Year-End

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