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These Bullish Catalysts Could Spark Bitcoin’s Explosion To $200,000 By Year-End: Standard Chartered Exec

  • 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.

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