The Global Bank Standard Chartered has been bullish in Bitcoin for the rest of the year, citing the increase in the purchase of corporate treasury and strong funding (ETF) exchanges.
Standard Chartered Expects Bitcoin (Btc) To print new high $ 135,000 at the end of the third quarter and then break $ 200,000 by the end of the year, the bank’s head of the bank’s digital asset Geoff Kendrick, in a Wednesday’s Wednesday report shared with Cointelegraph.
“Thanks to increasing investor flow, we believe the BTC has moved across the previous dynamic where prices have fallen 18 months after a ‘halving’ cycle,” Kendrick said, adding that the Usually hilving trend It would have led to price decline in September or October 2025.
The latest report reinforces the standard chartered’s bullishness in Bitcoin, with the The bank expects it to hit $ 500,000 a coin by 2028.
Bitcoin halving cycle is dead
In his new review, Standard Chartered Kendrick focuses on the potential effects of Bitcoin Halving, a price pattern associated with The BTC stop eventswhich occurs every four years.
Cutting the reward of Bitcoin mining by 50% per division, BTC stops events have been linked to history in the same subsequent price spikes and further correction.
While the two past cycles of cycles in 2016 and 2020 led to bitcoin prices falling about 18 months after division, the impact of the latest Bitcoin halving on April 2024 are likely to be different because of new drivers such as strong ETF and Buying a corporationKendrick suggested.
Related: Crypto ETP Inflows to H1 2025 Down 2.7% from $ 18.3b last year
“We hope the prices will continue their upbringing, supported by the continuous powerful purchase of ETF and Bitcoin Treasury,” Kendrick wrote in the update, emphasizing that both these drivers were not in the past cycles of cycles.
At the same time, the standard chartered still does not prevent that the price may be a bit stinking in the late Q3 and early Q4 amid concerns about the correction pattern from previous halvings.
Bitcoin ETFs see flows after 15 days of flowing
Kendrick’s latest perspective on the bullish effects of ETFs and corporate purchases against pressure from turning around came as Bitcoin ETF flows became negative after 15 days of flowing.
According to In data from Sosovalue, the US spot bitcoin ETFs posted $ 342.3 million of flows on Tuesday, which marked their first flow from June 6. Outflows cost 7% of the total $ 4.8 billion flows seen in the 15-day running.
According to Kendrick, Bitcoin ETF is flowing and buying a corporate treasury with a total of 245,000 BTC in Q2. “We hope that level will exceed both Q3 and Q4,” he added.
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