Standard Chartered Bank has lowered its 2025 Bitcoin price forecast to $100,000, down from a previous target of $200,000.

Odaily Planet Daily reports that Standard Chartered Bank stated in a report on Tuesday that it has halved its Bitcoin price forecast for the end of 2025 to $100,000, down from its previous target of $200,000. At the same time, the bank has postponed its long-term target of $500,000 to 2030, from its original target of 2028.

The bank's analyst, Geoffrey Kendrick, pointed out that the downgrade was due to a readjustment of demand expectations, including the "end" of aggressive corporate buying by entities such as MicroStrategy, and slower-than-expected institutional adoption through ETFs.

Kendrick stated that future Bitcoin price increases will be "driven solely by ETF purchases." Currently, quarterly ETF inflows of Bitcoin have fallen to 50,000 BTC, the lowest level since the launch of US spot Bitcoin ETFs. In comparison, quarterly purchases by ETFs and the Digital Asset Treasury in Q4 2024 totaled 450,000 BTC.