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Bitcoin could reach new all-time highs in the second half of 2024, driven by strong institutional demand and treasury company purchases, according to Standard Chartered analyst Geoff Kendrick. The asset recently surpassed $109,000, signaling bullish momentum despite potential short-term volatility.
- Standard Chartered forecasts Bitcoin surpassing $111,814 amid record institutional treasury purchases and ETF inflows.
- MicroStrategy leads corporate BTC holdings with 597,000 BTC ($65B), while spot Bitcoin ETFs manage $130B+ in assets.
- Despite potential Q3/Q4 volatility, BTC's post-halving trajectory diverges from historical declines due to structural demand shifts.
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