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Standard Chartered Predicts Bitcoin Surge to $135,000 on Institutional Momentum
Generated by AI AgentCoin World
Wednesday, Jul 2, 2025 11:49 am ET1min read
Standard Chartered, a prominent global banking institution, has forecasted that
(BTC) could surge past $135,000 in the third quarter of this year. This prediction comes from Geoff Kendrick, the head of digital assets research at the bank, who attributes the potential rally to growing institutional momentum.Kendrick's projection indicates a renewed confidence in the cryptocurrency market from the banking giant. Earlier this year, Kendrick had set a $500,000 target for Bitcoin by the end of Donald Trump’s presidential term, citing long-term market shifts and broader adoption. Currently, Bitcoin is trading at just over $107,000, with minimal gains in recent days. However, Standard Chartered views the coming quarters as crucial for Bitcoin's price movement.
According to Kendrick, the rising flows into spot ETFs and the accumulation of BTC by companies for treasury reserves are altering the post-halving behavior of Bitcoin. Traditionally, Bitcoin tends to decline around 18 months after a halving. However, Kendrick argues that the current cycle has decoupled from past trends, with demand from institutional buyers offsetting any expected drop.
Recent data supports this view: at least nine firms reportedly added over 6,000 BTC to their treasuries in just the past week. If this pace of institutional accumulation continues, the bank believes Bitcoin’s price could resume its uptrend faster than many anticipate. This optimistic outlook from Standard Chartered underscores the growing institutional interest in Bitcoin and its potential to reach new heights in the near future.
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