These Bullish Catalysts Could Spark Bitcoin’s Explosion To $200,000 By Year-End: Standard Chartered Exec

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.