Standard Chartered Lowers Bitcoin Expectations

Sharp Decline in Bitcoin

Bitcoin has lost approximately 36% of its value since its peak on October 6th. Analyst Geoff Kendrick states that this decline is within expected limits.

Decrease in Institutional Buy-ups Expected

According to the analyst, further institutional purchases of Bitcoin through digital asset treasury operations do not seem likely. The reason for this is that these firms' valuations are no longer at levels justifying expansion.

Year-End Expectations Updated

Geoff Kendrick has revised his year-end Bitcoin forecasts downward, now expecting the previously predicted $500,000 level to be reached in 2030 instead of 2028.