Standard Chartered Bank reaffirms Bitcoin's year-end target price of $200,000
TechFlame
2025-10-05 03:49
TechFlame2025-10-05 03:49
English
TechFlame reports that Geoffrey Kendrick, head of digital asset research at Standard Chartered Bank, reiterated his target for Bitcoin's year-end price of $200,000 on October 2. Kendrick said the inflow of new ETF funds and the US government shutdown could drive cryptocurrency prices higher in the coming weeks.
In his report to clients, Kendrick said that Bitcoin is expected to break through an all-time high within a few days and possibly reach $13.5 million in the next few weeks, which is slightly later than his previous predictions.