Standard Chartered Bank stated in a report on Tuesday that it has halved its year-end 2025 Bitcoin price forecast to $100,000, down from the previous target of $200,000. At the same time, the bank has postponed its long-term target of $500,000 to 2030, which was originally set for 2028. The bank's analyst Geoffrey Kendrick pointed out that the downgrade is due to a reassessment of demand expectations, including the fact that aggressive corporate purchases by entities such as MicroStrategy have "come to an end," and institutional adoption through ETFs has been slower than expected. Kendrick said that future increases in Bitcoin's price will be "driven solely by ETF purchases." (Decrypt)