Standard Chartered expects that $BTC
will reach $200,000 by the end of 2025. According to information provided by Cointelegraph, citing a report from the head of the bank's digital assets division, Jeff Kendrick, the price of bitcoin could set a new all-time high of $135,000 in the third quarter of 2025. After that, the analyst believes, a new growth phase will begin, resulting in the cryptocurrency's value exceeding $200,000 by the end of the year.
Kendrick notes that the traditional model for predicting the price of bitcoin based on halvings (the reduction of rewards for miners) no longer works, as the current market cycle differs from previous ones. If previously a correction usually followed after a halving after about 18 months, this may not happen now.
Recall that the last, fourth halving took place on April 20, 2024. According to previous models, a market downturn could be expected in the fall of 2025 — around September-October. However, Standard Chartered believes that this time the market will behave differently.
At Standard Chartered, it is believed that by the end of Q3, bitcoin will update its all-time high at $135,000. This will be followed by a new growth phase. The report states that by the end of 2025, the asset will break the $200,000 level, and by the end of 2028 — $500,000.
It is noteworthy that the organization published its report against the backdrop of a significant outflow of capital from spot bitcoin ETFs — over $342 million.