Standard Chartered Bank: Expects Bitcoin to Reach $135,000 in Q3, Setting a New All-Time High

BlockBeats News, July 2nd. According to Cointelegraph, Standard Chartered Bank is bullish on Bitcoin for the remainder of the year, citing increasing corporate treasury Bitcoin purchases and strong ETF inflows.

Geoff Kendrick, Head of Digital Assets Research at Standard Chartered Bank, stated, "It is expected that Bitcoin will reach a new high at the end of the third quarter, hitting $135,000, and surpass $200,000 by the end of the year."

Kendrick added, "Thanks to the increasing investor inflows, we believe that Bitcoin has moved away from the 18-month post-halving price decline dynamic we saw previously." The bank forecasts a Bitcoin price of $500,000 by 2028.