Standard Chartered expects Bitcoin to hit new highs of $135K in Q3

Global slope Standard Chartered is bullish connected Bitcoin for the remainder of the year, citing increasing firm treasury buying and beardown exchange-traded money (ETF) inflows.

Standard Chartered expects Bitcoin (BTC) to people caller highs of $135,000 by the extremity of the 3rd 4th of 2025 and past interruption $200,000 by the extremity of the year, the bank’s integer plus probe head, Geoff Kendrick, said successful a Wednesday study shared with Cointelegraph.

“Thanks to accrued capitalist flows, we judge BTC has moved beyond the erstwhile dynamic whereby prices fell 18 months aft a ‘halving’ cycle,” Kendrick said, adding that the common halving trend would person led to terms declines successful September oregon October 2025.

An excerpt from Standard Chartered’s Bitcoin study issued connected July 2, 2025. Source: Standard Chartered

The latest study reinforces Standard Chartered’s bullishness connected Bitcoin, with the bank expecting it to deed $500,000 a coin by 2028.

Bitcoin halving rhythm is dead

In his caller analysis, Standard Chartered’s Kendrick focused connected the imaginable impacts of the Bitcoin halving cycle, a terms signifier associated with BTC halving events, which hap astir each 4 years.

Cutting the Bitcoin mining reward by 50% each halving, BTC halving events person been historically linked to some consequent spikes successful the terms and further corrections.

While the 2 erstwhile halving cycles successful 2016 and 2020 led to Bitcoin prices falling successful astir 18 months aft the halving, the interaction of the latest Bitcoin halving successful April 2024 volition apt beryllium antithetic owed to caller drivers similar beardown ETF and corporate buying, Kendrick suggested.

Related: Crypto ETP inflows successful H1 2025 down 2.7% from past year’s $18.3B

“We expect prices to resume their uptrend, supported by continued beardown ETF and Bitcoin treasury buying,” Kendrick wrote successful the update, emphasizing that some of these drivers were absent successful the erstwhile halving cycles.

At the aforesaid time, Standard Chartered inactive doesn’t regularisation retired that the terms could beryllium somewhat choppy successful precocious Q3 and aboriginal Q4 amid concerns astir the correction signifier from the erstwhile halvings.

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