with cryptocurrencies The head of global crypto-asset research at the closely-engaged British bank revised his predictions. Kendrick, who generally shares above-average predictions, argues that the outlook for cryptocurrencies has changed this year due to many factors.
Standard Chartered Crypto Predictions
According to analysts, the hardest days for cryptocurrency investors may be yet to come. Saying that more pain awaits investors, the bank thinks that Bitcoin may fall to 50 thousand dollars or below in the next few months.
Geoffrey Kendrick, head of global digital asset research at the British bank, said in his February 12 assessment;
“We will see more pain and a period of eventual capitulation in the prices of cryptocurrencies over the next few months.”
In addition to Bitcoin, which he expects to drop another 26%, he also expects Ethereum to lose 30% to $1,400 over the next few months. Targets for the end of 2026 were also revised downwards. Before BTC It was pointed out that the level of 150 thousand dollars for and 7,500 dollars for ETH. However, the latest predictions are that Bitcoin will close the year at 100 thousand dollars and Ethereum at 4 thousand dollars. Of course, these levels should be seen as annual peaks.
Last year, while BTC exceeded $ 126,000, Ethereum reached $ 5 thousand.
Why Expect a Decline?
since October of cryptocurrencies The total market value decreased by $2 trillion, meaning it erased almost half of it. This decline is expected to continue due to increasing global macroeconomic risks and slowing demand for institutional Bitcoin treasury reserves.
Saying that cryptocurrencies have now become more durable as a new asset class, Geoffrey Kendrick predicts less pain than in previous cycles. Moreover, the bank until 2030 Bitcoin It did not revise down its target estimate of half a million dollars for . Analysts who maintain their long-term vision believe that the current market momentum is increasingly ETF Although they foresee a painful transition process due to their dependence on support, they are still hopeful in the long term.
The next two years should open the door to more cautious growth according to historical data. The bank agrees with the rest of the market on this issue.
