Standard Chartered bank has slashed its multi-year price targets for Bitcoin, now forecasting $100,000 by 2025 and $500,000 by 2030. The bank cites declining demand and slow institutional adoption through ETFs as reasons for the downgrade.

Bitcoin is currently trading at $90,600 with no catalysts for growth. The market now relies heavily on ETF inflows, which have decreased significantly, impacting the overall price movement.

The appointment of Kevin Hassett to the FOMC could lead to easier monetary policy, potentially pushing investors towards assets like Bitcoin. Analysts are hopeful for a quarter-point rate cut in the upcoming interest rate decision.

Standard Chartered’s analyst rejects old halving-cycle models, believing that crypto winters are a thing of the past. Myriad users share this sentiment, assigning only a 6% chance of a crypto winter by February 2026.

The near-term outlook for Bitcoin rests on the outcome of the FOMC meeting, with analysts closely monitoring the situation. The market is eagerly awaiting any developments that could impact the top crypto’s performance.

Read more at Yahoo Finance: Standard Chartered Slashes 2025 Bitcoin Forecast to $100K