Standard Chartered lowers its Bitcoin price forecast for 2025 to $100,000, down from a previous target of $200,000

Standard Chartered Bank stated in a report on Tuesday that it has halved its Bitcoin price forecast to $100,000. At the same time, the bank has postponed its long-term target of $500,000 to 2030, originally set for 2028.

The bank's analyst Geoffrey Kendrick pointed out that this downgrade is due to a reassessment of demand expectations, including the aggressive corporate purchases by entities like MicroStrategy having "ended," and the institutional adoption through ETFs being slower than anticipated. Kendrick stated that future Bitcoin price increases will "only be driven by ETF purchases." Currently, the quarterly ETF inflow of Bitcoin has dropped to 50,000 BTC, the lowest level since the launch of the U.S. spot Bitcoin ETF. In contrast, the quarterly purchase volume for ETFs and digital asset treasuries in Q4 2024 was 450,000 BTC.