This bank just halved its bitcoin price target down from $200,000. Here’s why.
Bitcoin on Tuesday was trading 26% below its October record high. - Getty Images As bitcoin edged higher Tuesday, Standard Chartered said it now expects the cryptocurrency to end the year higher at 200,000, which was issued in June 2024. The bank also halved its bitcoin forecast for year-end 2026 to 300,000, and lowered its year-end projections through 2029. But it still expects bitcoin BTCUSD can reach $500,000 in 2030, ...