Driven by ETF inflows and the government shutdown, Standard Chartered reaffirms its year-end Bitcoin price target of $200,000

ChainCatcher news, according to Cyptoslate, Standard Chartered's head of digital asset research Geoffrey Kendrick reiterated on October 2 his target of $200,000 for Bitcoin by the end of the year. Kendrick stated that new ETF inflows and the potential government shutdown in the United States could drive cryptocurrency prices further up in the coming weeks.

In a report to clients, Kendrick mentioned that Bitcoin is expected to break its all-time high within days and may reach $135,000 in the coming weeks, slightly later than his previous forecast.