
Standard Chartered’s bold prediction about the future of Bitcoin has sparked a surge in interest around BTC Bull Token ($BTCBULL) presale. The UK bank’s analyst, Geoff Kendrick, foresees an unprecedented wave of momentum for long-term holders of the asset during Q3 and Q4, driven by institutional treasury buying, robust ETF support, and a potential departure from the historical post-halving downtrend pattern.
The analysis highlights that institutions and public companies are expected to purchase more Bitcoin in both Q3 and Q4 than the 245K BTC acquired in Q2. Furthermore, spot ETF inflows have surpassed previous levels with total assets under management exceeding $130B. Notably, BlackRock’s IBIT alone accounts for over $70B, making it the fastest-growing ETF product.
Notably, Kendrick emphasized that unlike previous post-halving cycles which triggered 18-month sell-offs, Bitcoin is in a significantly stronger position now, and therefore unlikely to follow the same bearish pattern.
Source: bitcoinist.com