Key Takeaways
- Customary Chartered forecasts bitcoin will attain $135,000 by Q3 2025.
- Robust ETF inflows and company treasury shopping for are seen as new market drivers.
- The normal post-halving correction cycle could also be disrupted by elevated institutional demand.
International financial institution Customary Chartered has issued a bullish outlook for bitcoin, projecting a brand new all-time excessive of $135,000 by the top of the third quarter of 2025.
In a report launched Wednesday, Geoff Kendrick, the financial institution’s head of digital asset analysis, attributed the optimism to strong inflows into spot bitcoin ETFs and rising company treasury allocations.
Kendrick acknowledged:
“Due to elevated investor flows, we imagine BTC has moved past the earlier dynamic whereby costs fell 18 months after a ‘halving’ cycle.”
Traditionally, bitcoin’s halving occasions have led to cost surges adopted by corrections about 18 months later.
Nonetheless, Kendrick argued that this cycle could also be “useless” resulting from new demand from ETFs and company patrons, each of which have been largely absent in earlier cycles.
The report additionally reiterated Customary Chartered’s long-term goal of $500,000 per bitcoin by 2028.
ETF inflows and company demand reshape market
Kendrick’s evaluation highlighted that ETF and company shopping for totaled 245,000 BTC in Q2 2025, with expectations for even better accumulation within the second half of the 12 months.
Regardless of this, spot bitcoin ETFs within the US not too long ago noticed $342.3 million in outflows after a 15-day streak of inflows, amounting to 7% of the $4.8 billion gathered throughout that interval.
ETF influx and outflow knowledge are actually seen as main market drivers.
The report emphasised that, whereas some worth volatility might happen in late Q3 and early This fall, sturdy ETF and company demand ought to assist an total uptrend.