The financial giant announced its ambitious year-end forecast for Bitcoin.

The cryptocurrency market is showing a strong rise following Donald Trump's election victory. Geoff Kendrick, head of digital assets research at Standard Chartered, points to a target of $125,000 for Bitcoin by the end of the year, emphasizing that it is inevitable for Solana to reach its all-time high.

STANDARD CHARTERED UPDATES RECORD FORECASTS FOR BITCOIN

Developments in the cryptocurrency world are creating great excitement. Standard Chartered analyst Geoff Kendrick sets a target of $125,000 for Bitcoin by the end of the year, believing that this target is "easily achievable."

Kendrick predicts that the total market value of cryptocurrency assets could reach $10 trillion by the end of 2026. According to data, the top 30 cryptocurrencies have risen by approximately 8.5% in the last 24 hours.

Solana is expected to reach an all-time high of $260 before the end of the year. For Ethereum (ETH), it is thought that a new record level of $4,866 could occur around the inauguration ceremony.