Standard Chartered with gloomy crypto forecast: BTC price target halved
Standard Chartered halves its Bitcoin price target for 2025. The general crypto euphoria is muted, also due to declining purchases by companies.
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• Standard Chartered halves Bitcoin forecast
• Bitcoin’s sideways phase forces a revaluation
• Bullish sentiment on the crypto market is changing
British bank Standard Chartered has significantly downgraded its Bitcoin forecast, MarketWatch reports. The bank has also adjusted its price target by 2029.
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Standard Chartered halves price target
The bank now expects the cryptocurrency to end 2025 at $100,000 – half its previous target of $200,000. However, Standard Chartered only cut the price target at the beginning of December 2025, when it was already foreseeable that Bitcoin would not be able to reach the previously stated price target. The forecast for the end of 2026 was also reduced from $300,000 to $150,000, as were the estimates for the years up to 2029. According to Geoff Kendrick, global head of digital assets at Standard Chartered, the bank still believes the cryptocurrency will rise to $500,000 by 2030.
Reasons for the price target halving
The downward corrections come at a time when Bitcoin has been trending sideways for some time, MarketWatch said. This price movement was the decisive reason for adjusting the forecast, continued Geoff Kendrick. He also assumes that the purchase phase of digital asset treasury companies has largely been completed. In recent years, these companies have increasingly filled their balance sheets with Bitcoin, even though many of them previously had little contact with cryptocurrencies. A risk in the market would be that possible sales of this segment could put pressure on the price.
One of the largest and best-known of these companies is Strategy, which recently bought around $1 billion in Bitcoin – the largest single purchase since July.
Although Standard Chartered expects regular inflows via ETFs, overall it expects prices to stabilize. However, the bank does not expect any additional price support from digital asset treasury companies as they are no longer making large purchases, Kendrick continued.
The significant reduction in the Bitcoin forecast makes it clear that the optimistic mood in the crypto market is noticeably waning, as some well-known Bitcoin bulls on Wall Street have recently adjusted their expectations downwards. CoinMarketCap’s Fear & Greed Index has been moving in the “Fear” to “Extreme Fear” range since the beginning of November.
Editorial team finanzen.net