Standard Chartered Cuts 2026 Bitcoin Price Prediction By 50%
NegativeCryptocurrency

- Standard Chartered has significantly reduced its Bitcoin price prediction for 2026 by 50%, now forecasting a target of $100,000. The bank acknowledges that its previous projections were overly optimistic, particularly in light of changing market dynamics influenced by ETF-driven flows rather than traditional halving cycles.
- This adjustment reflects a broader recognition within the financial sector of the challenges facing Bitcoin's growth, particularly the need for sustained institutional support amid fluctuating demand and market volatility.
- The cryptocurrency market is currently experiencing heightened uncertainty, with various analysts warning of potential price drops and adjusting their forecasts downward. This trend underscores a growing skepticism regarding Bitcoin's near-term prospects, contrasting with some long-term bullish predictions that suggest a recovery could occur in the future.
— via World Pulse Now AI Editorial System







