Standard Chartered Sounds Alarm: A Major Bitcoin Buyer Has Disappeared

Standard Chartered has lowered its long-term Bitcoin (BTC) price forecasts, warning that a key pillar of recent demand, corporate Bitcoin buying, is likely over. The bank now believes future gains in Bitcoin will be driven by a single source: exchange-traded fund (ETF) inflows, a shift that could slow the pace of upside in the years ahead. Bitcoin’s Pullback ‘Painful but Normal’ In a new note, Standard Chartered’s Head of Digital Asset Research, Geoff Kendrick, said the bank is pushing back its timeline for Bitcoin reaching $500,000 and lowering its year-end price targets for 2026 through 2029. “While the recent Bitcoin price decline has been rapid, we think it is within expected bounds source: https://beincrypto.com/standard-chartered-sounds-alarm-a-major-bitcoin-buyer-has-disappeared/