Cointime

Download App
iOS & Android

Standard Chartered Bank analyst: SOL hitting a new high before the end of the year seems "inevitable", BTC will reach $125,000

According to Golden Finance, Geoff Kendrick, an analyst at Standard Chartered Bank who predicted that Bitcoin would reach $80,000 before the US presidential election, predicts that Bitcoin will continue to rise until the end of this year and will "easily reach" $100,000 before some Bitcoin options expire on December 27.

"I predict that the price of Bitcoin will reach $125,000 by the end of the year, which is the next level. Although I note that many trades related to Trump reached their peak around January 20, the inauguration ceremony, after the 2016 election...Therefore, if Bitcoin cannot reach $125,000 by December 31, I believe it will reach it by January 20," Kendrick, the bank's director of foreign exchange and digital asset research, said in an email last Sunday.

Kendrick further predicts that given the recent rise in Ethereum and Solana, the rise in Bitcoin prices may "benefit all investors," and the performance of some tokens may exceed that of Bitcoin.

Kendrick wrote: "It seems inevitable that SOL will reach a new historical high before the end of this year (the historical high set in November 2021 was $260). ETH may have to wait until the inauguration ceremony to set a new historical high (set at $4,866 in November 2021), but overall, we believe that these assets will continue to rise, and SOL may perform the best." 

Comments

All Comments

Recommended for you

  • Strategy's Bitcoin Holdings Reach $4 Billion in Unrealized Losses as Stock Price Surpasses $135 for the First Time in 12 Weeks

    On August 27, Strategy's stock price surpassed $135 for the first time in 12 weeks, rising 10% during the day, while its Bitcoin holdings currently reflect an unrealized loss of $4 billion.
  • Strategy's Bitcoin Holdings Reach $4 Billion in Unrealized Losses as Stock Price Surpasses $135 for the First Time in 12 Weeks

    On August 27, Strategy's stock price surpassed $135 for the first time in 12 weeks, rising 10% during the day, while its Bitcoin holdings currently reflect an unrealized loss of $4 billion.
  • HYPE Surpasses $84.8, Continues to Set New Historical Highs

    Market data shows that HYPE has surpassed $84.8, currently priced at $84.64, with a 24-hour increase of 4.49%, continuing to set new historical highs.
  • HYPE Surpasses $84.8, Continues to Set New Historical Highs

    Market data shows that HYPE has surpassed $84.8, currently reported at $84.64, with a 24-hour increase of 4.49%, continuing to set new historical highs.
  • BTC Surpasses $80,000

    Market data shows that BTC has surpassed $80,000, currently priced at $80,010, with a 24-hour increase of 2.36%. The market is experiencing significant volatility, so please ensure proper risk management.
  • BTC Surpasses $80,000

    Market data shows that BTC has surpassed $80,000, currently priced at $80,010, with a 24-hour increase of 2.36%. The market is highly volatile, so please ensure proper risk management.
  • Genius Group Launches $1.2 Billion Capital Plan to Establish AI and Bitcoin Vaults

    Genius Group has announced a $1.2 billion capital plan aimed at funding its artificial intelligence vault and bitcoin vault through the issuance of perpetual preferred securities. The company's goal is to achieve a total asset value of $2 billion by fiscal year 2031, with the AI vault targeted at $800 million and the bitcoin vault at $827 million. Genius Group stated that this financing method is designed to enhance the net asset value per share and reduce dilution for common shareholders. The company plans to initially issue perpetual preferred securities to raise $12.5 million, with the proceeds allocated to the AI vault, bitcoin vault, and dollar reserves. The company noted that its investments related to the AI vault include firms such as SpaceX, Anthropic, Anduril, and Databricks, with some holdings already seeing valuation increases since the launch in May 2026.
  • BTC Falls Below $79,000

    Market data shows that BTC has fallen below $79,000, currently priced at $78,970, with a 24-hour increase of 0.72%. The market is experiencing significant volatility, so please ensure proper risk management.
  • BTC Falls Below $79,000

    Market data shows that BTC has fallen below $79,000, currently priced at $78,970, with a 24-hour increase of 0.72%. The market is highly volatile, so please ensure proper risk management.
  • U.S. Stock Indices Mixed at Open; Nvidia Surges Over 6% After Earnings

    On August 27, U.S. stock indices opened mixed, with the Dow Jones down 0.15%, the S&P 500 up 0.36%, and the Nasdaq Composite up 0.89%. Nvidia surged over 6% as the company's revenue outlook for fiscal year 2028 significantly exceeded market expectations. Stocks in storage, cloud computing services, and semiconductors rose, with NEBIUS up over 4%, and Micron Technology, SK Hynix, CoreWeave, and SanDisk all rising over 3%. HP Inc. fell over 9%, as the company projected adjusted earnings per share for the fourth fiscal quarter to be between $0.69 and $0.79, up from a previous estimate of $0.67.