Standard Chartered Bank: Bitcoin may break through $135,000

ChainCatcher news, Standard Chartered Bank's Head of Digital Asset Research Geoff Kendrick pointed out in the latest research report that Bitcoin may soon reach an all-time high and climb to $135,000. Currently, Bitcoin has surpassed $120,000, priced at $120,420, with a 24-hour increase of 1.3%. Kendrick stated that Bitcoin has deviated from the previous pattern of price decline 18 months after the halving, and institutional demand is expected to continue to increase before the end of 2025.

Data shows that net inflows into Bitcoin ETFs have reached $58 billion, with $23 billion accounted for in 2025, and it is expected to increase by at least $20 billion before the end of the year.