International financial institution Commonplace Chartered is bullish on Bitcoin for the remainder of the yr, citing rising company treasury shopping for and robust exchange-traded fund (ETF) inflows.
Commonplace Chartered expects Bitcoin (BTC) to print new highs of $135,000 by the top of the third quarter of 2025 after which break $200,000 by the top of the yr, the financial institution’s digital asset analysis head, Geoff Kendrick, mentioned in a Wednesday report shared with Cointelegraph.
“Because of elevated investor flows, we imagine BTC has moved past the earlier dynamic whereby costs fell 18 months after a ‘halving’ cycle,” Kendrick mentioned, including that the widespread halving pattern would have led to cost declines in September or October 2025.
The most recent report reinforces Commonplace Chartered’s bullishness on Bitcoin, with the financial institution anticipating it to hit $500,000 a coin by 2028.
Bitcoin halving cycle is useless
In his new evaluation, Commonplace Chartered’s Kendrick centered on the potential impacts of the Bitcoin halving cycle, a worth sample related to BTC halving occasions, which happen about each 4 years.
Chopping the Bitcoin mining reward by 50% every halving, BTC halving occasions have been traditionally linked to each subsequent spikes within the worth and additional corrections.
Whereas the 2 earlier halving cycles in 2016 and 2020 led to Bitcoin costs falling in about 18 months after the halving, the impression of the most recent Bitcoin halving in April 2024 will probably be totally different because of new drivers like sturdy ETF and company shopping for, Kendrick steered.
Associated: Crypto ETP inflows in H1 2025 down 2.7% from final yr’s $18.3B
“We anticipate costs to renew their uptrend, supported by continued sturdy ETF and Bitcoin treasury shopping for,” Kendrick wrote within the replace, emphasizing that each of those drivers have been absent within the earlier halving cycles.
On the similar time, Commonplace Chartered nonetheless doesn’t rule out that the value may very well be considerably uneven in late Q3 and early This fall amid considerations concerning the correction sample from the earlier halvings.
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