Geoff Kendrick, the global head of digital asset research at Standard Chartered Bank, stated that despite experiencing a record $19 billion liquidation event and U.S. President Trump's renewed tariff threats, Bitcoin (BTC) is still expected to hit $200,000 by the end of the year.
According to Cointelegraph, the crypto market experienced a record $19 billion liquidation event over the weekend of October 10. Bitcoin's price briefly fell to $104,000 on Friday, marking a four-month low.
After the massive liquidation event, investors may view it as a new buying opportunity. Kendrick noted that this dynamic could drive Bitcoin's price up to $200,000 by the end of 2025. Despite increased market volatility, he remains confident that Bitcoin will rebound once the market stabilizes.
In an interview with Cointelegraph at the 2025 European Blockchain Conference in Barcelona, he stated, "My official prediction is that it will reach $200,000 by the end of the year."
Even with the ongoing "Trump tariff-related comments," Kendrick still believes that in the most pessimistic scenario, the price could be "well above $150,000" by the end of the year, provided the Federal Reserve continues to cut interest rates to meet market expectations.
Cointelegraph data shows that Bitcoin has dropped 6% over the past month, with the current price around $108,260.
Kendrick mentioned that the impact of the liquidation event may take a few weeks to digest, but investors will soon view this sell-off as a new opportunity to build positions.
He believes this could ultimately become an important buying opportunity for investors in the next round.
Kendrick predicts that the continued inflow of Bitcoin exchange-traded funds (ETFs) will be the main driving force behind Bitcoin's price momentum for the remainder of the year.
"This current decline will prepare us for another upward phase, primarily based on ETF inflows," Kendrick said, adding:
"The recent historical highs in gold will also translate into more momentum for Bitcoin, as its narrative as a safe-haven asset resurfaces," he added.
After several days of politically driven outflows, Bitcoin ETFs saw a significant rebound in flows this week. According to Farside Investors, the fund saw a net inflow of $477 million on Tuesday, breaking a four-day losing streak.
According to Cointelegraph, in an interview earlier this year in February, Kendrick predicted that by the end of Trump's second term in 2028, Bitcoin could soar to $500,000.
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Original article: “Standard Chartered: $19 Billion Market Crash Paves the Way for Bitcoin (BTC) to Hit $200,000”
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