Standard Chartered expects Bitcoin to reach $200,000

Standard Chartered analyst Geoff Kendrick wrote in a report on Wednesday that due to strong institutional interest and continuous purchases by corporate treasuries, Bitcoin is poised for the 'best second half in history'.

Standard Chartered predicts: $135,000 by the end of Q3 2025; potentially reaching $200,000 by the end of Q4 2025.

The bank's analysts expect Bitcoin purchases in Q3 and Q4 this year to exceed the strong 245,000 coins in Q2, and stated that Bitcoin will set a new record above the historical high of $111,814 reached in May. 'Bitcoin will refresh its historical high in the second half of the year,' Kendrick wrote.

He added that this is because Bitcoin has broken the inertia pattern of price declines 18 months after past halvings - 'According to this pattern, a price drop should have occurred between September and October 2025.'

However, he also warned that the second half's trend won't be smooth sailing. 'We believe that due to market concerns about a possible repeat of this historical pattern, prices may experience fluctuations at the end of Q3 and the beginning of Q4,' he wrote, 'but we expect prices to resume an upward trend with support from ETF and treasury purchases.'