Standard Chartered has projected a significant upward trajectory for Bitcoin, with potential valuations reaching $135,000 in the near term. According to the bank’s Global Head of Digital Assets Research, Bitcoin’s current market behavior diverges from historical trends observed after previous halving events. Historically, Bitcoin has experienced price declines approximately 18 months following halving events, which reduce the block reward for miners and constrain new supply. However, recent analysis indicates that Bitcoin is breaking this pattern, suggesting a robust bullish phase could be underway. The research underscores the asset’s resilience and growing institutional adoption as key factors driving this deviation. Market participants are closely monitoring these developments, as the forecast aligns with increasing mainstream acceptance of digital assets. Standard Chartered’s insights highlight the evolving dynamics of cryptocurrency markets, where traditional financial models are being adapted to assess digital currency performance. This optimistic outlook reinforces Bitcoin’s position as a maturing asset class, potentially attracting further investment and stabilizing its role in diversified portfolios.
