Geoff Kendrick, Standard Chartered’s head of global digital assets research and the US president Donald Trump’s renewed threats to impose tariffs, believes that Bitcoin is still on course to reach $200,000 before the end of this year.
Crypto market saw a record. $19 billion liquidation event Bitcoins’ (BTC) price to dip to a four-month low of $104,000 Cointelegraph at that time reported on Friday.
After the dust settles, investors could see this as a great opportunity for buying. Kendrick stated that this could lead to a Bitcoin surge of $200,000 before the end 2025. Kendrick is confident despite the market volatility that Bitcoin will recover as soon as it stabilizes.
“My official forecast is $200,000 by the end of the year,” “I told Cointelegraph exclusively during an interview with the 2025 European Blockchain Convention, held in Barcelona.
Even though the “Trump noise around tariffs,” Kendrick still believes in a rise in prices “well north of $150,000” In the bear scenario for the end year, assume that the US Federal Reserve will continue to cut interest rates in order to match market expectations.
Bitcoin has fallen 6% since the beginning of this month. It was valued at $108,260 when we wrote the article. Cointelegraph Data shows
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Kendrick stated that the effects of liquidation may not be felt for several weeks, but the investors will soon see the sale as a new accumulation phase.
It could be the next big thing “buying opportunity” Investors, he added.
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Geoff Kendrick says bitcoin will rise on ETFs’ back, and the gold price.
Kendrick predicted that continued investment in Bitcoin ETFs would be the main driver for Bitcoin’s momentum throughout the remainder of this year.
We will be ready for another upswing after the current slump. “mostly on the back of the ETF inflows,” Kendrick said, adding:
“There’s no reason for them to stop. The US government shutdown, Fed rate cuts. All that story is playing out already in gold.”
Gold’s recent highs are also likely to translate into more Bitcoin momentum, as the safe-haven narrative returns, said he.
Bitcoin ETFs have seen a significant rebound of flows in the last week. several days of politically driven outflows. Farside Investors reported that the net inflows of $477m were positive on Tuesday. This broke a 4-day streak in which they had been losing money.
Kendrick, in a February 2007 interview, predicted that Bitcoin could surge Cointelegraph has reported that Trump will have earned $500,000 when he finishes his second term, in 2028.
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Source: cointelegraph.com
