Crypto De Nostradame
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Bullish
Standard Chartered expecting a new record in Bitcoin: “There are now two new forces”
Standard Chartered, one of the giant banks serving worldwide, has published a new report on Bitcoin. The bank’s director of digital assets, Geoff Kendrick, stated that they expect the expected decline in Bitcoin in the post-halving period to be much weaker. Kendrick said, “There are now two new forces holding Bitcoin’s price up.”
Standard Chartered, a global giant bank with a very serious customer base, especially in the Asian region, has published a new Bitcoin analysis. The report prepared under the leadership of Geoff Kendrick stated that the previous estimate of $200,000 for Bitcoin for the end of the year was supported.
The report shared under the signature of Kendrick stated that the increases are expected to continue in the 3rd quarter of 2025. It was stated that Bitcoin could reach $135,000 this quarter, while it was commented that institutional purchases were keeping the price up.
Stating that the Bitcoin halving cycle is no longer there, analyst Kendrick made the following statements:
“We expect prices to continue their upward trend. Bitcoin purchases by companies and ETFs are keeping the price up. These two factors were not present in past cycles. These two new forces are keeping the price strong. There may be a downward movement at the end of the 3rd quarter and the beginning of the 4th quarter, but this decline will not be as strong as in previous halving cycles. In old halvings, a sharp decline would occur 18 months after the halving. This decline or volatility can still be seen during that period. But ETF and corporate purchases will keep the price up. Bitcoin purchases in the 3rd and 4th quarters may also surpass the 245 corporate purchases seen in the first half of the year.”
⚠️ Note: My posts are not investment advice. There may be errors due to translation. Please do your own review. You can also write your thoughts in the comments section.
❤️ Don't forget to follow me for developments. @Crypto De Nostradame
$BTC $BNB $XRP
Standard Chartered, one of the giant banks serving worldwide, has published a new report on Bitcoin. The bank’s director of digital assets, Geoff Kendrick, stated that they expect the expected decline in Bitcoin in the post-halving period to be much weaker. Kendrick said, “There are now two new forces holding Bitcoin’s price up.”
Standard Chartered, a global giant bank with a very serious customer base, especially in the Asian region, has published a new Bitcoin analysis. The report prepared under the leadership of Geoff Kendrick stated that the previous estimate of $200,000 for Bitcoin for the end of the year was supported.
The report shared under the signature of Kendrick stated that the increases are expected to continue in the 3rd quarter of 2025. It was stated that Bitcoin could reach $135,000 this quarter, while it was commented that institutional purchases were keeping the price up.
Stating that the Bitcoin halving cycle is no longer there, analyst Kendrick made the following statements:
“We expect prices to continue their upward trend. Bitcoin purchases by companies and ETFs are keeping the price up. These two factors were not present in past cycles. These two new forces are keeping the price strong. There may be a downward movement at the end of the 3rd quarter and the beginning of the 4th quarter, but this decline will not be as strong as in previous halving cycles. In old halvings, a sharp decline would occur 18 months after the halving. This decline or volatility can still be seen during that period. But ETF and corporate purchases will keep the price up. Bitcoin purchases in the 3rd and 4th quarters may also surpass the 245 corporate purchases seen in the first half of the year.”
⚠️ Note: My posts are not investment advice. There may be errors due to translation. Please do your own review. You can also write your thoughts in the comments section.
❤️ Don't forget to follow me for developments. @Crypto De Nostradame
$BTC $BNB $XRP
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