Standard Chartered sees the Bitcoin course rising to new heights this year. The British bank expects BTC to tick a record of $ 135,000 in the third quarter of 2025. And that is just the beginning, if we can believe analyst Geoff Kendrick.
Bitcoin course is less concerned about Halving cycle
Where Bitcoin always showed a correction about a year and a half after a halving, that pattern now seems to fade. According to Standard Chartered, the inflow of institutional capital plays a key role in this.
“Due to the persistent interest of great investors, we see that Bitcoin is released from the classic rhythm,” says Geoff Kendrick, head of digital assets management at the bank. “In the past, the race often fell a year and a half after a halving, but that is no longer the case.”
The halving of April 2024, where the reward for miners was halved, has less impact on the price than before. The big difference with previous cycles? The arrival of institutional parties. According to him, investors who enter spot ETFs or their business reserves ensure a much more stable foundation. “Those players were simply not there in earlier halves,” said Kendrick.
Spot ETFs and companies buy Bitcoin en masse
The figures endorse the optimism. In the second quarter, according to the bank, more than 245,000 BTC was purchased via ETFs and companies. And that is not the case: Standard Chartered expects that this volume will increase further in the third and fourth quarter.
Yet the short term is not without risk. The bank warns of whimsiness towards the end of the summer. Many investors continue to stick to old courtyard patterns, and that can cause sharp fluctuations despite the changed market climate.
We already saw a sign of this this week. On Tuesday, money was removed from American spot ETFs for the first time since 6 June. According to figures from Farside, it was $ 342.3 million – around 7 percent of the inflow in the two weeks before.
BTC Expectation: $ 135,000 this year, 500,000 in 2028
Despite that temporary return, the bank remains positive. A peak of $ 135,000 is expected for the third quarter of 2025. The target for the longer term remains at $ 500,000 per BTC in 2028 in 2028. According to the analysts, that prediction is based on structural changes in the market and a permanent influx of institutional capital.
Source: https://newsbit.nl/standard-chartered-voorspelt-bitcoin-koers-stijgt-dit-kwartaal-naar-135-000-dollar/
