Standard Chartered expecting a record in Bitcoin: "There are two new powers"

robot
Abstract generation in progress

The global giant bank Standard Chartered, which has a very serious customer base especially in the Asia zone, has published a new Bitcoin analysis. In the report prepared under the leadership of Geoff Kendrick, it was stated that they stand by the previous prediction of 200,000 dollars for the end of the year for Bitcoin.

"135 thousand dollars may be seen in Q3"

The report shared with Kendrick's signature stated that in 2025, it is expected that the upward trends will continue in the current 3rd quarter. It was noted that Bitcoin could rise to 135 thousand dollars in this quarter, and it was commented that institutional purchases kept the price elevated.

"There are now two new powers"

Analyst Kendrick, who stated that the Bitcoin halving cycle has now disappeared, used the following expressions:

"We expect prices to continue their upward trend. The purchases of Bitcoin by companies and ETFs are keeping the price elevated. These two factors were not present in previous 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 past halvings, a sharp decline occurred 18 months after the halving. This decline or volatility may be seen again during that period. However, ETF and company purchases will keep the price elevated. Bitcoin purchases in the 3rd and 4th quarters may also surpass the 245 in purchases seen in the first half of the year."

"ETFs have seen an exit but..."

Kendrick, stating that Bitcoin spot ETFs experienced an outflow after 15 days, expressed that this situation did not disrupt the overall trend and said, "After 15 days of positive inflows, there was an outflow of 342 million dollars. This figure corresponds to only 7% of the total inflow of 4.8 billion dollars and does not negatively affect the long-term outlook."

Published: July 2, 2025 16:35 Last Updated: July 2, 2025 16:39

BTC0.24%
STND-0.29%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)