Standard Chartered revises its Bitcoin price prediction after the cryptocurrency surpasses $100,000, driven by significant institutional inflows. Analyst Geoffrey Kendrick now believes his previous target of $120,000 may be too low, citing strong investment demand from institutions like MicroStrategy and sovereign wealth funds. Kendrick’s updated outlook emphasizes the growing acceptance of Bitcoin as an asset class within institutional portfolios, fueling a surge beyond $100,000. Institutional investment has been instrumental in recent price increases, particularly from ETFs such as U.S.-based spot Bitcoin ETFs and BlackRock’s IBIT, which have attracted billions in capital over the past three weeks. The revised analysis underscores a shift from Bitcoin’s association with risk assets to its role as a hedge or diversification tool. Kendrick maintains his end-of-year price target of $200,000. The future trajectory of Bitcoin remains closely tied to institutional activity and investment flows.