The multinational bank Standard Chartered has reaffirmed its bold Bitcoin prediction to $200K by the end of 2025. This optimistic stance holds firm, even after a recent and massive liquidation shook the crypto market’s foundations. The insight comes from Geoff Kendrick, the financial institution’s global head of digital assets research. Kendrick shared his analysis during an exclusive interview at the 2025 European Blockchain Convention in Barcelona, offering calm to nervous investors.
The digital asset market recently experienced a record liquidation. Losses amounted to a staggering $19 billion during the turbulent weekend of October 10. This drastic deleveraging event dragged the price of Bitcoin (BTC) to a four-month low. The leading cryptocurrency touched $104,000, generating fear in the sector. Although the price has managed a slight recovery since then, trading near $108,260 at the time of analysis, volatility remains the protagonist. However, Kendrick is not intimidated by this sharp correction.
Instead of interpreting the crash as a panic signal or the end of the bull cycle, Kendrick redefined it. The analyst labeled it as a clear “buying opportunity.” He explained that while the market will likely need several weeks to settle and digest the losses, the event sets the stage for the next phase. This period is seen by the bank as a strategic accumulation phase for investors with long-term vision. Standard Chartered’s perspective remains firm on its ambitious bullish targets. In fact, the bank reiterates its confidence in the asset’s trajectory.
Standard Chartered’s optimism is not based on speculation, but on key market fundamentals. The main driver continues to be the steady inflows into spot Bitcoin Exchange-Traded Funds (ETFs) in the United States. These investment funds have shown remarkable resilience. As an example, they recently registered positive net inflows of $477 million in a single day. This figure broke a four-day negative streak of outflows, driven by political uncertainty. Kendrick is confident that these flows will not stop anytime soon.
Can ETFs and gold sustain the momentum toward new highs?
Standard Chartered’s Bitcoin prediction to $200K stands out for its unwavering confidence. It excels in a moment of high tension and uncertainty in the market. As the dust from the $19 billion liquidation begins to settle, attention is focused on ETF flows. Furthermore, the US Federal Reserve’s decisions on interest rates, a crucial factor for the global economy and risk assets, are being closely watched. Kendrick also pointed to the gold narrative. The precious metal has reached new all-time highs, reinforcing the argument for Bitcoin as a digital store of value. In the long term, the vision is even bolder, with a forecast of $500,000 by the year 2028.
