Standard Chartered Bank: Bitcoin End-of-Year Price Target Lowered from $200,000 to $100,000

On December 9, Decrypt reported that Bitcoin’s performance has worsened in the fourth quarter, with its uptrend stalling—prompting Standard Chartered, a UK-based multinational bank and wealth manager, to slash its multi-year price target for the leading cryptocurrency. In a Tuesday report, the bank now projects Bitcoin will hit $100,000 by the end of 2025, down from its prior $200,000 target. While its long-term target remains $500,000, the timeline has been pushed back from 2028 to 2030. The bank cited a reassessment of demand prospects for the downward revision. Standard Chartered analyst Geoffrey Kendrick noted that fading major demand sources and slower-than-expected institutional adoption via exchange-traded funds (ETFs) drove the adjustment to its Bitcoin price forecast.