Standard Chartered's lead analyst, Geoff Kendrick, has made an optimistic prediction about Bitcoin, suggesting it could surge to $135,000 and potentially reach $200,000 by year-end. This bullish outlook is fueled by a noticeable shift of ETF investors moving their interests from gold to Bitcoin, which could further accelerate the cryptocurrency's rally. This news is significant as it highlights the growing confidence in Bitcoin as a viable investment, especially in the face of traditional assets like gold.

Bitcoin's price has surged to an impressive $122,000, with Standard Chartered forecasting it could reach $200,000 by the end of the year. This significant increase not only highlights the growing confidence in cryptocurrency but also suggests a potential shift in investment strategies as more people consider Bitcoin a viable asset. Such projections could attract even more investors, further driving up the price and solidifying Bitcoin's position in the financial market.