Bitcoin Could Hit $200K By Year-End: Standard Chartered

Standard Chartered predicts that crypto market leader Bitcoin (BTC) will soar to $135K by the end of Q3 2025, and go on to hit $200K by the end of the year after breaking out of its halving cycle.

“Thanks to increased investor flows, we believe BTC has moved beyond the previous dynamic whereby prices fell 18 months after a ‘halving’ cycle,” wrote Standard Chartered’s head of digital asset research, Geoff Kendrick, in a report today.

New Market Drivers Could Push The Bitcoin Price Higher

Kendrick went on to say that Bitcoin has broken out of its past 18-month halving cycle given there are now market drivers, such as spot Bitcoin ETFs (exchange-traded funds) and public companies adding BTC to their balance sheets, that were not present during past Bitcoin halvings.

“We expect prices to resume their uptrend, supported by continued strong ETF and Bitcoin treasury buying,” the analyst wrote.

🚀 STANDARD CHARTERED SEES #BITCOIN HITTING $200K THIS YEAR

$135K IN Q3.

$200K BY YEAR-END.

WHAT DO YOU THINK?

IS $200K POSSIBLE FOR $BTC IN 2025?

👇👇👇 pic.twitter.com/CXCsbop4rd

— Kyle Chassé / DD🐸 (@kyle_chasse) July 2, 2025

However, Standard Chartered has not completely ruled out the possibility of some choppy Bitcoin price movement in Q3 and Q4. 

If history were to repeat and BTC’s 4-year halving cycle play out, it could lead to a decline in the market leader’s price around September or October, Kendrick said.

Bitcoin Treasury Companies Will Buy More BTC In Q3 Than They Did In Q2, Says Standard Chartered

Spot Bitcoin ETFs and BTC treasury companies bought 245,000 BTC in the second quarter this year, according to Kendrick. He predicted that this figure will be topped in both Q3 and Q4 as new market entrants start to follow Strategy’s leveraged Bitcoin buying playbook.

He noted that BTC buying from Strategy, which is currently the largest corporate Bitcoin holder, has slowed in recent months, but predicted that non-Strategy companies will “take up any slack in Q3.” 

“As a result, we expect Bitcoin treasuries as a whole to buy more BTC in Q3 than they did in Q2 — a positive driver of flows,” he said.

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