Standard Chartered predicts Bitcoin will reach $135,000 by the end of the third quarter and hit $200,000 by the close of 2025.
Geoff Kendrick, head of digital asset research at Standard Chartered, attributes the rally in Bitcoin to increased institutional demand from ETFs and corporate treasuries.
Kendrick believes that Bitcoin's dynamics have fundamentally changed, moving beyond historical halving cycle patterns.
The bank maintains its long-term forecast of Bitcoin hitting $500,000 by 2028, based on sustained institutional interest and favorable macroeconomic conditions.