This bank just halved its bitcoin price target down from $200,000. Here’s why.

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As bitcoin edged higher Tuesday, Standard Chartered said it now expects the cryptocurrency to end the year higher at $100,000. That’s still a halving of its previous year-end target of $200,000, which was issued in June 2024.

The bank also halved its bitcoin forecast for year-end 2026 to $150,000, from $300,000, and lowered its year-end projections through 2029. But it still expects bitcoin

BTCUSD can reach $500,000 in 2030, according to a Tuesday note by Geoff Kendrick, global head of digital-assets research at Standard Chartered.

This post was originally published on Market Watch

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