Standard Chartered Sees Bitcoin Surging Past $135K in Q3
Standard Chartered is doubling down on its bullish Bitcoin outlook, forecasting a potential surge to $135,000 by the end of Q3 and an eye-watering $200,000 by the close of 2025.
The prediction comes from Geoff Kendrick, head of digital assets research at the bank, who believes growing institutional momentum will fuel BTC’s next rally.
The projection, shared in a post cited by Wu Blockchain, signals renewed confidence from the global banking powerhouse. Kendrick had earlier this year floated a $500,000 target for Bitcoin by the end of Donald Trump’s presidential term, citing long-term market shifts and broader adoption.
Bitcoin is currently trading at just over $107,000, showing minimal gains in recent days. But Standard Chartered sees the coming quarters as pivotal. According to Kendrick, rising flows into spot ETFs and the accumulation of BTC by companies for treasury reserves are reshaping post-halving behavior.
Traditionally, Bitcoin tends to decline around 18 months after a halving. But this time may be different. Kendrick argues that the current cycle has decoupled from past trends, with demand from institutional buyers offsetting any expected drop.
Recent data backs that up: at least nine firms reportedly added over 6,000 BTC to their treasuries in just the past week. If this pace holds, the bank believes Bitcoin’s price could resume its uptrend faster than many anticipate.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
