Standard Chartered analysts predict bitcoin’s growth to $ 200,000

Jeff Kendrick, an analyst at Standard Chartered Bank, believes that the recent drop in the value of Bitcoin BTC $95,055.00 Mezo Wrapped BTC -1.01% Market capitalization $48.89 million VOL. 24 hours $3.47 billion may be a good time to buy. According to his forecast, the market will stabilize within a few weeks, and by the end of 2025, the price of the cryptocurrency could rise to $ 200,000. Even in a conservative scenario, Kendrick expects Bitcoin to remain above $ 150,000 if the US Federal Reserve continues to cut interest rates.

During the October 10 sell-off, the value of Bitcoin dropped to a four-month low of approximately $ 104,000. Kendrick noted that the current period after the large-scale liquidation of positions can last for several weeks and creates a window of opportunity for the accumulation of the asset. In his opinion, this could be the basis for a new stage of growth.

Among the key factors that can support Bitcoin’s growth, the analyst named the inflow of funds into exchange-traded investment funds (ETFs). After recent fluctuations, they again recorded a positive net increase of $ 477 million. Another important factor is the growing interest in cryptocurrency as an alternative to gold, which has reached historic highs.

Kendrick emphasized that investors are increasingly considering Bitcoin as a hedge against market volatility. In the long term, he said, under favorable macroeconomic conditions and further institutional acceptance, the cryptocurrency could reach $ 500,000 by 2028.

Despite the short-term risks associated with tariff policy or budgetary disputes in the United States, Kendrick is convinced that the fundamental factors in favor of Bitcoin remain strong. Standard Chartered’s forecast indicates renewed optimism among investors and points to the potential for both short-term recovery and long-term growth.