These Bullish Catalysts Could Spark Bitcoin’s Explosion To $200,000 By Year-End: Standard Chartered Exec
2025-07-02 22:16:44
Main Idea
Standard Chartered predicts the Bitcoin halving cycle is dead due to strong ETF inflows and corporate treasury buying, expecting Bitcoin to reach $135,000 by September and $200,000 by December.
Key Points
1. Standard Chartered's Geoff Kendrick stated the Bitcoin halving cycle is dead, as previous post-halving slumps may not repeat due to ETF inflows and corporate treasury purchases.
2. Bitcoin prices could be volatile in late Q3 and early Q4, but the uptrend is expected to resume, supported by ETF and treasury demand.
3. Kendrick forecasts Bitcoin to reach $135,000 by September 30 and $200,000 by December 31.
4. Spot ETFs and treasury buyers acquired 245,000 BTC in Q2, a factor absent in prior halving cycles.
5. MicroStrategy's Bitcoin treasury strategy has popularized corporate BTC acquisitions, with the firm now holding 597,325 BTC worth ~$65 billion.
Description
British multinational bank Standard Chartered has forecasted massive gains for Bitcoin, predicting a potential rocket surge to $200,000 in the second half of this year. Historically, Bitcoin has slumped months after the halving, a quadrennial event that slows the growth rate in top crypto’s supply. This time, growing ETF inflows and increased corporate treasury buying are expected to kill that pattern, according to Geoff Kendrick, global head of digital assets research at Standard Chartered. Bit...
Latest News
- The $3 Cardano Prophecy: Why Whales Are Accumulating Millions While ADA Battles to Reclaim All-Time High2025-07-04 04:03:17
- Calm Before the Storm for Bitcoin to $116,000 Amid President Trump’s Calls for Rate Cuts2025-07-04 04:03:13
- Solana Hits New Milestone With Record Retail Holders2025-07-04 04:03:12
- Ripple Acquiring Circle Would Lead To ‘Crypto Apocalypse,’ Warns Legal Expert2025-07-04 04:02:56
- Tariff Truce and Liquidity Fuel Bitcoin to $109,000 All-Time High — What’s Next for BTC?2025-07-04 04:02:45