LONDON (IT BOLTWISE) – Bank Standard Chartered has drastically lowered its Bitcoin forecast for the end of 2025. Originally the price was expected to be $200,000, but the bank is now expecting $100,000. This adjustment reflects the uncertainties and volatility in the cryptocurrency market, while in the long term it is still forecast to rise to $500,000 by 2030.
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The recent adjustment of the Bitcoin forecast by the bank Standard Chartered has caused a stir in the financial world. The bank had originally forecast a Bitcoin price of $200,000 by the end of 2025. This expectation has now been halved to $100,000, reflecting the volatility and uncertainties in the cryptocurrency market. Despite this short-term adjustment, the bank remains optimistic that Bitcoin could increase significantly in value in the long term.
Geoff Kendrick, global head of digital assets research at Standard Chartered, explained in a statement that the forecast adjustment was due to current market conditions. The volatility of Bitcoin and other cryptocurrencies has increased in recent months, leading to a reassessment of short-term expectations. Still, the bank sees potential for Bitcoin to rise to $500,000 by 2030, driven by increasing adoption and interest from institutional investors.
Standard Chartered’s decision to lower forecasts also reflects the challenges facing the cryptocurrency market. Regulatory uncertainties and market fluctuations have unsettled many investors. Nevertheless, the long-term outlook for Bitcoin remains positive as more companies and institutions begin to add cryptocurrencies to their portfolios.
Another factor that influenced the forecast is the technological development in the field of blockchain technology. These advances could further drive adoption of Bitcoin and other cryptocurrencies. It is also expected that the increasing integration of cryptocurrencies into the traditional financial sector could increase investor confidence.
Standard Chartered’s forecast adjustment could also impact other financial institutions, which may reconsider their own expectations. However, the bank remains confident that the long-term outlook for Bitcoin is positive, especially given the growing demand for the digital asset and advancing technological developments.
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