Standard Chartered predicts Bitcoin could surge to $200,000 by the end of the year, deviating from historical post-halving patterns.
Geoff Kendrick, global head of digital assets research at Standard Chartered, believes ETF inflows and corporate treasury buying will drive Bitcoin's price increase.
Bitcoin's halving cycle is deemed 'dead' by Kendrick, with the expectation of choppy price movements in late Q3 and early Q4 before resuming an uptrend.
Standard Chartered foresees Bitcoin hitting $135,000 by September 30 and maintains a $200,000 target by December 31, citing strong ETF and Bitcoin treasury buying, along with other potential macro tailwinds.