Standard Chartered Projects Bitcoin Could Reach $200,000 by Year-End
- Bitcoin (BTC) is currently trading around $120,456, near its August peak of $124,480.
- Standard Chartered forecasts BTC will exceed $135,000 soon and reach $200,000 by the end of the year.
- Citigroup has a more aggressive target for Bitcoin at $231,000 within the next year.
- Bitcoin ETFs have attracted $58 billion in inflows, with $23 billion this year alone.
- Prediction markets show a 44-54% chance Bitcoin will hit $150,000 before mid-2026.
The outlook for Bitcoin is being driven by strong investor demand and significant inflows into Bitcoin ETFs, which are reshaping market dynamics. Additionally, rising term premiums related to government finances are pushing investors toward alternative assets like Bitcoin during times of uncertainty.
With Standard Chartered’s forecast of reaching $200,000 supported by ETF inflows and current trading levels near $120,456, the cryptocurrency market remains dynamic and closely watched.(Source)
