Standard Chartered: Bitcoin Expected to Reach $135,000 in Q3, Setting a New All-Time High

Odaily Planet Daily reports that Standard Chartered Bank remains bullish on Bitcoin for the rest of this year, citing increasing Bitcoin purchases by corporate treasuries and strong ETF inflows. Geoff Kendrick, Head of Digital Asset Research at Standard Chartered, stated that Bitcoin is expected to reach a new high of $135,000 by the end of the third quarter and surpass $200,000 by year-end.
Kendrick added, “Thanks to increased investor inflows, we believe Bitcoin has moved past the previous pattern of an 18-month price decline following a halving.” The institution forecasts that Bitcoin’s price will reach $500,000 by 2028. (Cointelegraph)