Standard Chartered Bank has revised its Bitcoin price prediction upward, citing a surge in institutional investment. Notably, $5.3 billion flowed into Bitcoin ETFs in the U.S., indicating a shift towards digital assets as strategic investments. Geoffrey Kendrick, head of Digital Assets at Standard Chartered, acknowledged his previous underestimation of Bitcoin’s potential and now anticipates a higher target. This comes on the heels of Bitcoin’s recent surge to nearly $100,000, gaining over 3% in value. The surge highlights increasing institutional interest as Bitcoin’s market dominance grows stronger. Kendrick acknowledges that the influx of capital from regulated ETFs underscores the significance of robust U.S. regulatory frameworks and signals growing confidence in Bitcoin’s future role within global portfolios.