Standard Chartered halves Bitcoin price forecast to $100K by year-end
Summary
Standard Chartered has halved its year-end Bitcoin price forecast to $100,000, down from the previous $200,000 projection. The bank also delayed its long-term $500,000 target to 2030, citing weakening demand and slow institutional adoption. Analysts suggest the initial rally fueled by aggressive corporate accumulation is largely over. Future price movements are now expected to rely more heavily on ETF inflows, which have recently slowed significantly to 50,000 BTC per quarter, the lowest since US spot Bitcoin ETFs launched. Other contributing factors include a pause in Bitcoin's uptrend and uncertainty regarding the Fed's monetary policy.
(Source:Crypto Briefing)