Standard Chartered Says "Despite Historic Crash, Bitcoin Bull Run Isn't Over!" Shares Year-End Price Forecast

The cryptocurrency market experienced a major crash on October 11th, triggered by US President Donald Trump's statements regarding tariffs on ￰0￱ crash caused the largest liquidation ever seen in the crypto markets, and the debate surrounding the October 11th crash ￰1￱ last people to speak about the collapse were Standard Chartered ￰2￱ Chartered said that despite the massive crash on October 11th and the $19 billion in forced liquidations, Bitcoin still has the potential to rise to $200,000. Despite the Crash, $200,000 in Bitcoin is Still Possible! Geoff Kendrick, Head of Digital Asset Research at Standard Chartered, said that BTC could reach the $200,000 level by the end of the year despite US President Donald Trump's threats of large-scale ￰3￱ said the $19 billion market crash could be a buying opportunity for Bitcoin once the dust settles in the coming weeks, paving the way for a $200,000 price ￰4￱ the volatility, the analyst stated that he is confident that Bitcoin will recover as markets ￰5￱ this point, Kendrick stated that although the size of the collapse is large, the declines are temporary and Bitcoin's rise will ￰6￱ added that the main drivers of BTC's rise will be inflows into ETFs and Fed interest rate cuts.

“This correction in Bitcoin and the market is only a temporary shock and once the market stabilizes, investors will see this as another buying ￰7￱ this point, my official prediction for BTC by the end of the year is $200,000. Even if President Trump's tariff announcements cause market volatility, if the Fed cuts interest rates as the market expects, Bitcoin could reach at least $150,000 even under conservative ￰8￱ that there is no reason for ETF flows to stop, Kendrick said that positive narratives such as the US government shutdown and the expectation of a Fed interest rate cut are reflected in the gold flow, and that it will soon be reflected in Bitcoin, and that increasing ETF flows will be the main driver of Bitcoin's rise. *This is not investment ￰9￱ Reading: Standard Chartered Says "Despite Historic Crash, Bitcoin Bull Run Isn't Over!" Shares Year-End Price Forecast