Standard Chartered Forecasts Bullish Bitcoin Future Despite Trade Tensions
- Standard Chartered predicts Bitcoin may reach $200K by 2025.
- Geoff Kendrick emphasizes positive market drivers.
- ETF inflows and corporate interest fuel bullish outlook.
Standard Chartered’s recent predictions indicate a strong upward trajectory for Bitcoin, potentially reaching $135,000 by Q3 and $200,000 by the end of 2025, contrary to speculative reports.
These projections emphasize ETF flows and corporate treasury buying as primary drivers, dismissing speculative concerns related to U.S.–China trade tensions affecting Bitcoin’s price negatively.
Standard Chartered has released a forecast indicating a positive outlook for Bitcoin. Despite U.S.–China trade tensions, the bank expects Bitcoin to reach $135,000 by Q3, with potential highs of $200,000 by the end of 2025.
Geoff Kendrick, head of digital asset research at Standard Chartered, highlighted ETF inflows and corporate treasury buying as key factors in bolstering Bitcoin prices. Geoff Kendrick, Head of Digital Asset Research, Standard Chartered, “We expect prices to resume their uptrend, supported by continued strong ETF and Bitcoin treasury buying.” The bank has not expressed concerns over trade tensions affecting Bitcoin’s value.
The forecast from Standard Chartered has sparked cautious optimism among investors and market analysts. Rising Bitcoin prices often influence wider market trends, potentially affecting related cryptocurrencies such as Ethereum.
The continued expectation of strong investor interest could support financial markets and crypto adoption, enhancing the role of Bitcoin in corporate balance sheets, reinforcing its status as a diversified asset.
Analysts note recent bullish market indicators, such as RSI momentum and MACD crossover, signaling strong investor confidence. The current analysis counters previous trends of price drop due to halving cycles, suggesting a robust market climate.
Standard Chartered’s forecast positions Bitcoin in a prosperous trajectory, with ETF and corporate investments contributing positively. This outlook aligns with broader trends of increasing institutional participation in digital assets, reflecting evolving market attitudes.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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