Standard Chartered sticks to $150,000 Bitcoin target despite recent price dips, citing market cyclicity and ETF growth.
Geoff Kendrick, head of digital assets research, remains confident in Bitcoin’s rebound potential amid geopolitical tensions.
Standard Chartered, a leading financial institution, reaffirmed its bullish prediction for Bitcoin’s price, setting a year-end target of $150,000. The prediction comes from Geoff Kendrick, head of digital assets research at Standard Chartered, who remains optimistic despite recent setbacks in Bitcoin’s value.
Bitcoin had a significant pullback recently, slumping almost 11% from its high of $73,000 or so in March. This decrease was associated with a number of reasons such as slow inflows into Bitcoin ETFs and growing tensions in the Middle East which took market sentiment temporarily.
 Geoff Kendrick underscored in an interview with BNN Bloomberg, underlining the effect of lower inflows into Bitcoin ETFs and geopolitical tensions on Bitc

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