Standard Chartered Predicts Bitcoin Rally – Here’s What Could Drive It

Despite last month’s $19 billion market liquidation, Standard Chartered remains confident that Bitcoin (BTC) is poised for a significant rebound.

Geoff Kendrick, the bank’s global head of digital assets research, noted that the recent dip may present a prime buying opportunity as markets stabilize in the coming weeks.

The sell-off over the weekend of October 10 pushed BTC to a four-month low of around $104,000, but Kendrick projects that the cryptocurrency could climb to $200,000 by the end of 2025. Even under conservative assumptions, he expects Bitcoin to remain well above $150,000, assuming the U.S. Federal Reserve continues its anticipated interest rate cuts.

Key Drivers Behind the Forecast

• ETF Inflows: Kendrick emphasized that inflows into Bitcoin exchange-traded funds (ETFs) will be a major driver of price momentum. Following recent volatility, ETFs recorded a net positive inflow of $477 million, rebounding after several days of politically driven outflows.
• Safe-Haven Appeal: Gold’s recent all-time highs are also likely to boost Bitcoin’s narrative as a safe-haven asset. Investors seeking protection from market volatility may increasingly turn to BTC, Kendrick explained.
• Market Recovery Opportunity: The massive liquidation event may take weeks to fully settle, creating a window for accumulation. Kendrick sees this as a potential launchpad for the next leg of Bitcoin’s rally.

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Longer-Term Outlook

Looking further ahead, Kendrick has previously suggested that Bitcoin could potentially reach $500,000 by 2028, contingent on favorable macroeconomic conditions and sustained institutional adoption. While short-term market noise, such as tariff threats or government shutdowns, may create temporary volatility, he believes the fundamentals supporting Bitcoin remain strong.

As markets absorb the aftermath of the October crash, Standard Chartered’s forecast signals renewed optimism for BTC investors, highlighting both the short-term rebound potential and longer-term upside.