Bitcoin (BTC) had a strong start to October, a historically bullish month known as Uptober.
Despite the uncertainty brought by the government shutdown in the US, BTC, which has surpassed $120,000, is targeting a new ATH.
Standard Chartered, which manages $850 billion in assets, has predicted that Bitcoin will reach a new record high within the next week.
Speaking to Decrypt, Geoff Kendrick, Head of Global Digital Assets Research at Standard Chartered, revealed his new BTC prediction.
Accordingly, Geoff Kendrick said that Bitcoin could reach a new record high next week and continue to climb to $135,000.
Kendrick also noted that his previous predictions that Bitcoin could reach $200,000 by the end of 2025 also hold true.
In this context, the analyst stated that this optimistic outlook for BTC is supported by strong market momentum and increasing institutional interest, adding that he expects institutional demand to increase towards the end of the year.
Bitcoin ETF inflows currently stand at net $58 billion, with $23 billion of that occurring in 2025.
“I expect at least another $20 billion inflows by the end of the year. This makes my $200,000 year‑end prediction for BTC possible.”
*This is not investment advice.