Standard Chartered Doubles Down: Bitcoin to Hit $200K by 2025

Wall Street’s favorite crypto bull just upped the ante. Standard Chartered—the same bank that called Bitcoin’s 2021 rally—now predicts a $200K price target by next year. Cue the institutional FOMO.

Why the surge? The bank cites a perfect storm: ETF inflows, halving scarcity, and—of course—the timeless human fear of missing out. Never mind that their last ’sure thing’ was Zelle for crypto.

Meanwhile, gold bugs weep into their vaults as the ultimate ’digital gold’ narrative gets another adrenaline shot. Will this finally be the cycle where Bitcoin eats traditional finance? Or just another hype bubble for the ’smart money’ to ride and ditch?

Geoffrey Kendrick, head of digital assets at Standard Chartered, apologized that his $120k Q2 target might be too low.

Kendrick wrote a note predicting that a “strategic asset reallocation away from US assets” and “accumulation by ‘whales’ (major holders)” will cause bitcoin to hit an all-time high of about $120,000 in the second quarter of 2025.

According to Kendrick, at the time, “we expect these supportive factors to push BTC to a fresh all-time high around USD 120,000 in Q2.”

Through the summer, we anticipate gains that will MOVE the BTC-USD exchange rate closer to our year-end prediction of 200,000. “

Kendrick stated on Thursday that his $120,000 Bitcoin price target now “looks very achievable” and might even be too low. According to the Standard Chartered analyst, “the dominant story for Bitcoin has changed again.”. The risk assets. was associated with it. After that, it evolved into a strategy for strategically reallocating outside the United States.

Additionally, flows come in a variety of shapes,” he continued. His remarks come as Bitcoin is getting closer to $100,000 once more. Analysts have noticed a trend in recent years that indicates bitcoin trading similarly to riskier assets like stocks.