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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
10/22/2025

Standard Chartered: $19B Crash Clears the Path for Bitcoin to Hit $200,000

According to Geoff Kendrick — Standard Chartered's Global Head of Digital Assets Research — the $19 billion liquidation that sent crypto markets tumbling in early October may turn out to be the single biggest buying opportunity before Bitcoin enters a powerful new bull cycle. In an exclusive interview with Cointelegraph at the European Blockchain Conference 2025 in Barcelona, Kendrick said he stands by his forecast that Bitcoin will reach $200,000 by end of 2025, despite heavy market volatility and pol

Standard Chartered: $19B Crash Clears the Path for Bitcoin to Hit $200,000

According to Geoff Kendrick — Standard Chartered's Global Head of Digital Assets Research — the $19 billion liquidation that sent crypto markets tumbling in early October may turn out to be the single biggest buying opportunity before Bitcoin enters a powerful new bull cycle.

In an exclusive interview with Cointelegraph at the European Blockchain Conference 2025 in Barcelona, Kendrick said he stands by his forecast that Bitcoin will reach $200,000 by end of 2025, despite heavy market volatility and political concerns surrounding the U.S. administration.

"Even in the worst-case scenario, I still see Bitcoin breaking $150,000 if the Federal Reserve continues cutting interest rates," Kendrick said.

In his view, the recent sell-off — which dragged Bitcoin to a four-month low of around $104,000 — will likely be seen by investors as a fresh accumulation phase, similar to past correction cycles.

Kendrick believes the primary catalyst for Bitcoin's next leg up will come from strong inflows into Bitcoin ETFs, alongside gold hitting new all-time highs in traditional markets. Both factors are reinforcing Bitcoin's role as a safe-haven asset.

According to data from Farside Investors, Bitcoin ETFs recorded net inflows of $477 million on October 15, snapping four consecutive days of outflows — a recovery widely seen as a signal that investor confidence is returning.

Earlier this year, Kendrick had forecast that Bitcoin could reach $500,000 by 2028 — the end of Donald Trump's second term — if macro conditions and institutional capital flows continue to be supportive.

Given current developments, Standard Chartered believes the $19 billion crash may simply be a "one step back, two steps forward" moment, as the market gears up for a new Bitcoin bull cycle in 2025.