The cryptocurrency market has once again become the focus, with Geoffrey Kendrick, head of the digital asset research department at Standard Chartered Bank, recently making an eye-catching prediction. He believes that the price of Bitcoin is expected to rise to a high of $200,000 before the end of this year.

Kendrick pointed out that the main factors driving the rise in Bitcoin prices include strong capital inflows into ETFs (exchange-traded funds) and the potential risk of a government shutdown in the United States. These factors may stimulate investment demand in the short term and significantly impact market sentiment.

It is worth noting that Kendrick expects Bitcoin to potentially break its all-time high within a few days. He also suggested that Bitcoin's price might reach the level of $135,000 in the coming weeks, although this prediction is slightly delayed from his initial timeline.

Kendrick's analysis emphasizes the significant impact of institutional investment and macroeconomic events on the cryptocurrency market. He believes that the ongoing inflow of ETF funds reflects the growing confidence of institutional investors in digital assets. At the same time, political uncertainty factors, such as the potential for a government shutdown, could trigger market volatility, thereby affecting Bit prices.

Despite this optimistic prediction, investors should remain cautious and closely monitor market trends and changes in the global economic situation. The high volatility of the cryptocurrency market means that price movements can change dramatically.

As the digital asset market continues to evolve, the attention on the future trend of Bitcoin is steadily increasing from all parties. Regardless of the final outcome, Kendrick's prediction undoubtedly provides market participants with a thought-provoking perspective and reflects the growing interest of institutional investors in cryptocurrencies.