Standard Chartered Predicts Bitcoin Surge to $135K by Q3
- Standard Chartered forecasts Bitcoin reaching $135,000 by the end of Q3 and $200,000 by year-end.
- The bank attributes this growth to increased corporate treasury buying and strong exchange-traded fund (ETF) inflows.
- Despite recent outflows of $342.3 million from US spot Bitcoin ETFs, total inflows reached $4.8 billion over a recent two-week period.
- In Q2, Bitcoin ETF flows and corporate treasury buying totaled an estimated 245,000 BTC.
Standard Chartered’s analysis suggests that the traditional Bitcoin halving cycle will not significantly impact prices due to new market drivers like ETFs and corporate acquisitions.
While Bitcoin ETFs recently experienced outflows, the overall bullish sentiment remains strong with expectations of surpassing previous levels in upcoming quarters. (Source)
