Driven by ETF inflows and the government shutdown, Standard Chartered reiterates its year-end Bitcoin price target of $200,000

ChainCatcher news, according to Cyptoslate, Standard Chartered's head of digital asset research Geoffrey Kendrick reiterated his target of $200,000 for Bitcoin by the end of the year on October 2. Kendrick stated that new ETF inflows and the potential U.S. government shutdown could drive cryptocurrency prices further up in the coming weeks.

In a report to clients, Kendrick mentioned that Bitcoin is expected to break its historical high in a few days and may reach $135,000 in the coming weeks, which is slightly later than his previous prediction.