[Standard Chartered Bank: Bitcoin Year-End Target Price Lowered from $200,000 to $100,000] BlockBeats News, December 9, according to Decrypt, as Bitcoin's performance worsened in the fourth quarter and its upward trend stalled, the UK-based multinational bank and wealth management institution Standard Chartered Bank has significantly lowered its multi-year price target for the largest cryptocurrency. According to a report released on Tuesday, the bank now expects Bitcoin to reach $100,000 by the end of 2025, down from the previously stated target of $200,000. Although its long-term target remains at $500,000, the timeline has been pushed back from 2028 to 2030. The reason for the downward revision lies in a reassessment of demand prospects. Standard Chartered Bank analyst Geoffrey Kendrick stated that the fading of major demand sources and the slower-than-expected institutional adoption through exchange-traded funds (ETFs) prompted the adjustment of Bitcoin price forecasts.