#latest #update #BTC #bitcoin #cryptouniverseofficial

Standard Chartered Predicts Bitcoin Skyrocketing to $200K by Year-End

In Brief :

Standard Chartered expects Bitcoin to reach $200,000 by year-end.

Bitcoin's growth is driven by ETFs, corporate interest, and regulatory changes.

Political shifts could further boost Bitcoin prices, aligning with this forecast.

Standard Chartered, a leading British banking giant, has maintained its end- of-year price target of $200,000 for Bitcoin $107,509 in its latest report. Geoffrey Kendrick, the head of Digital Asset Research at the bank, anticipates that the price of the largest cryptocurrency will rise to $135,000 by September 30 and ultimately reach $200,000 by December 31. This forecast implies a record-breaking surge of $92,000 in just six months for Bitcoin, which is currently trading at around $107,500. The report attributes this anticipated growth to inflows into spot ETFs, corporate treasury purchases, and expected regulatory developments.