In bold forecasts reflecting a change in the dynamics of the cryptocurrency market, Standard Chartered Bank has predicted that Bitcoin could reach $200,000 by the end of 2025, confirming that the halving cycle no longer controls price movement as it did before.
Jeff Kendrick, Head of Digital Asset Research at the bank, explained that Bitcoin could record $135,000 by the end of the third quarter, primarily supported by strong inflows into exchange-traded funds (ETFs) and institutional purchases.
Kendrick stated in his report:
"The rise in corporate investments and ETF funds has changed the game, and prices no longer follow the historical pattern that used to cause a drop after 18 months from the halving."
However, the report did not rule out the possibility of some volatility during the late third quarter and early fourth quarter of the year, but it noted that new factors in the market make corrections limited in impact.
At a time when Bitcoin funds listed in the United States recorded outflows of $342.3 million for the first time in 15 days, the report confirmed that ETF purchases and corporate treasuries amounted to 245,000 Bitcoin in the second quarter alone, with expectations for this number to rise in the second half of the year.