Standard Chartered Bank: Bitcoin is expected to rise to $135,000 in Q3, a record high

Odaily News Standard Chartered Bank is bullish on Bitcoin for the rest of the year, citing increasing Bitcoin buying in corporate finance departments and strong ETF inflows. Geoff Kendrick, head of digital asset research at Standard Chartered Bank, said that Bitcoin is expected to hit a new high of $135,000 by the end of the third quarter and surpass $200,000 by the end of the year.
Kendrick added: "Thanks to increased investor inflows, we believe Bitcoin has escaped the previous dynamic of falling prices 18 months after the halving." The bank expects Bitcoin prices to reach $500,000 by 2028. (Cointelegrpah)