Head of Standard Chartered's digital assets research Geoff Kendrick sees a bright future for Bitcoin, estimating that it may reach $150,000 by year's end, a potential increase of 127%. In spite of recent disappointments, such as an 11% decline from the market's top in March of $73,000 and a slowdown in ETF inflows due to global unrest, Kendrick is still upbeat. He emphasized the $12 billion that has been invested in Bitcoin ETFs since January and predicted that, as the market develops over the next several years, inflows will soar to $50 billion to $100 billion.
As another example of a historical trigger for price surges brought on by a decrease in the quantity of new coins in circulation, Kendrick cited Bitcoin's post-halving increase. A year later, the last three halvings were followed by record highs, indicating that we might be approaching a similar situation. Standard Chartered, which has an optimistic outlook, even projects that Bitcoin would hit $250,000 by 2025—a 266% gain from current March values. According to Kendrick's analysis, investors in Bitcoin are in for a good time.
