Bitcoin is predicted to reach $135,000 by the end of September by Standard Chartered, attributing this to increased institutional activity and inflows into exchange-traded funds.
The bank's head of digital asset research, Geoff Kendrick, believes that Bitcoin's price trajectory has moved away from past halving cycle patterns, thanks to strong ETF inflows and corporate treasury purchases.
Standard Chartered anticipates Bitcoin to hit $200,000 by the end of 2025 and aims for a long-term target of $500,000 by 2028, driven by corporate treasury demand and strong ETF inflows.
Although short-term volatility may persist, with potential price fluctuations in late Q3 and early Q4, Kendrick remains optimistic about Bitcoin's performance and expects it to exceed $200,000 by the end of the year.