Bitcoin is poised for its strongest greenback rally in historical past in the course of the second half of 2025, in response to Commonplace Chartered’s newest market outlook.
The financial institution tasks {that a} confluence of accelerating ETF inflows, rising company treasury allocations, and an more and more supportive coverage atmosphere will drive Bitcoin to $135,000 by the top of Q3—and as excessive as $200,000 by December 31.
Geoffrey Kendrick, Commonplace Chartered’s world head of digital belongings analysis, reaffirmed his bullish forecast to shoppers this week. With Bitcoin buying and selling at round $107,800 as of Wednesday, the financial institution’s year-end goal implies almost a doubling in worth over the following six months.
Institutional Demand Set to Surpass Q2 Ranges
Within the second quarter of 2025, Bitcoin spot ETFs and company consumers added roughly 245,000 BTC to their holdings. Kendrick expects this whole to be exceeded in each Q3 and This fall, as extra establishments undertake long-term Bitcoin methods.
He highlighted that firms past Technique—Michael Saylor’s Bitcoin-centric agency—acquired roughly 56,000 BTC final quarter, a major determine contemplating Technique added 69,000 BTC in the identical interval whereas holding 5 instances extra in reserves.
Kendrick believes this broadening of company participation indicators that the Bitcoin reserve narrative is spreading past its early adopters.
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