Bitcoin to Hit New High Soon, Says Standard Chartered

Paigambar Mohan Raj
standard chartared
Source: CNBC

According to global financial institution Standard Chartered, Bitcoin (BTC) is on its way to a new all-time high. The bank anticipates BTC to climb to a new peak of $135,000 in the third quarter of this year. The bank further anticipates BTC to hit $200,000 by the end of 2025.

Why Is Standard Chartered Bullish On Bitcoin?

bitcoin btc sky
Source: Watcher.Guru

According to the report shared with CoinTelegraph, increased corporate buying and large BTC ETF inflows are two primary reasons behind the bank’s bullish outlook. BTC ETFs have seen consistent inflows since June 6. The inflows did not stop even during volatile times, such as during the Israel-Iran conflict escalation. The first instance of outflows came on Tuesday, July 2.

Also Read: Stock Exchange-Listed Firms Bought $26.2 Billion Bitcoin in 2025

Despite the bullish prediction, the bank does expect some volatility later this year. BTC could see a price dip in September or October 2025. According to Standard Chartered’s digital asset research head Geoff Kendrick, “Thanks to increased investor flows, we believe BTC has moved beyond the previous dynamic whereby prices fell 18 months after a ‘halving’ cycle.

Kendrick does not anticipate Bitcoin (BTC) to stop at $200,000. In a February interview with CNBC, the analyst stated that BTC could hit $500,000 before President Trump’s second term comes to an end. This would put BTC on a trajectory of hitting half a million dollars by 2028.

Kendrick is not the only expert predicting BTC will eventually hit the $500,000 mark. Binance founder Changpeng Zhao (CZ) also believes BTC could reach somewhere between $500,000 and $1 million this cycle.

Bitcoin (BTC) is currently down by just 3.6% from its all-time high of $111,814. The asset hit its peak on May 22 of this year. BTC hitting a new all-time high could trigger another market-wide rally. How the market behaves over the coming weeks is yet to be seen.