Standard Chartered, a global bank, is optimistic about Bitcoin’s future. They cite increased corporate treasury purchases and strong inflows of exchange-traded funds (ETFs).
Standard Chartered Expects BitcoinBTCGeoff Kendrick is the head of digital asset research at the Bank of America. He shared a report with Cointelegraph on Wednesday.
“Thanks to increased investor flows, we believe BTC has moved beyond the previous dynamic whereby prices fell 18 months after a ‘halving’ cycle,” Kendrick added that the common halving trend Prices would have fallen in October or September 2025.
Standard Chartered is bullish on Bitcoin in its latest report. bank expecting it to hit $500,000 a coin by 2028.
Bitcoin’s halving is over
Kendrick’s new analysis focused on potential effects of the Bitcoin halving pattern, a pricing pattern that has been associated with the halving. BTC halving eventsEvery four years, there are a few occurrences.
BTC halves have historically been linked with both price spikes and corrections.
The impact of this latest halving cycle is different from the previous two halving cycles, which led to a fall in Bitcoin prices in the 18-month period following the halving. Bitcoin halving in April 2024 Due to the new factors such as strong ETF, it is likely that this year’s results will be quite different. corporate buying, Kendrick suggested.
Related: Crypto ETP inflows in H1 2025 down 2.7% from last year’s $18.3B
“We expect prices to resume their uptrend, supported by continued strong ETF and Bitcoin treasury buying,” Kendrick wrote that in his update, he emphasized the fact that these two drivers had been absent during the previous cycles of halving.
Standard Chartered doesn’t exclude the possibility of a choppy price in Q4 due to the concerns regarding the previous halvings.
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Source: cointelegraph.com
