Odaily News After Bitcoin completed its quadrennial "halving" last Saturday Beijing time, JPMorgan warned that Bitcoin may fall after the "halving". But Jeff Kendrick, head of digital asset research at Standard Chartered Bank, reiterated in a recent interview that his price target for Bitcoin by the end of this year is $150,000, which means that Bitcoin will more than double from its all-time high in March this year by the end of this year. Kendrick said that Bitcoin's decline in recent weeks was mainly due to the slowdown in ETF fund inflows and tensions in the Middle East - he bluntly said that the situation in the Middle East has "dominated" the crypto market recently. But looking ahead, he believes that with the continued inflow of large-scale Bitcoin ETF funds, the cryptocurrency market may reverse its decline and continue to rise later this year. Kendrick estimates that the US spot Bitcoin ETF has attracted about $12 billion in funds since it was approved in January this year. He predicts that although the "currency circle" sentiment is currently cautious, once the US cryptocurrency ETF market becomes more "mature", the inflow of funds in the next two years may reach $50 billion to $100 billion. (Cailian Press)