Standard Chartered Bank: Bitcoin is expected to reach a historic high in the second half of the year

Standard Chartered Bank analyst Geoff Kendrick stated in a report that with the increase in Bitcoin ETFs and corporate finance purchases, Bitcoin may reach a historic high in the second half of this year. He said that the total inflow of these funds in the second quarter was 245000 US dollars, and it may exceed this level in the third and fourth quarters. If Trump announces the successor of Federal Reserve Chairman Powell in advance, Bitcoin will also rise, as this may prompt the market to price more interest rate cuts faster. The stablecoin bill that the United States may pass will also support Bitcoin. Standard Chartered expects the price of Bitcoin to rise to $135000 in the third quarter and $200000 by the end of the year.