Standard Chartered predicts that Bitcoin will soon reach a new high.

Standard Chartered is a global financial institution. According to them, Bitcoin (BTC), the cryptocurrency currency will soon reach a record high. BTC is expected to reach a new high of $135,000 by the end of the third quarter this year, according to Standard Chartered. BTC will also reach $200,000 at the end of 2025 according to this bank.

Why is Standard Chartered bullish on Bitcoin?

The report that was shared by CoinTelegraphThe bank is bullish on the market because of two main reasons: increased corporate purchases and large BTC ETF flows. BTC ETFs are seeing consistent inflows ever since the 6th of June. Inflows continued even in volatile situations, including the Israel-Iran conflict. On Tuesday, 2 July, the first outflow occurred.

Please Read This: Stock Exchange-Listed Firms Bought $26.2 Billion Bitcoin in 2025

Bank expects volatility to continue into the end of the year, even though the prediction was bullish. BTC prices could dip as early as September or October of 2025. Standard Chartered’s Geoff Kendrick’s head of research for digital assets, “Thanks to increased investor flows, we believe BTC has moved beyond the previous dynamic whereby prices fell 18 months after a ‘halving’ cycle.“

Kendrick doesn’t expect Bitcoin (BTC), to be capped at $200,000. In an interview with CNBC in February, Kendrick stated that BTC may reach $500,000. This could happen before the second term of President Trump ends. BTC could reach $500,000 by 2028.

Kendrick, however, isn’t the only expert to predict that BTC would eventually reach the $500k mark. Binance’s Changpeng Zhao believes BTC will reach between $500,000 to $1,000,000 this cycle.

Bitcoin (BTC), currently at $111 814, is down just 3.6%. This asset reached its highest point on the 22nd of May this year. BTC’s new high-water mark could lead to another rally across the market. We will have to wait and see how the market reacts in the upcoming weeks.