$19B market crash paves way for Bitcoin’s rise to $200K: Standard Chartered

The $19 billion market crash may be a buying opportunity as dust settles in coming weeks, Standard Chartered’s Geoff Kendrick told Cointelegraph in an exclusive interview.

Bitcoin may still be on track to reach $200,000 by the end of the year, even after a record $19 billion market liquidation and renewed tariff threats from US President Donald Trump, according to Standard Chartered’s global head of digital assets research, Geoff Kendrick.

The crypto market experienced a record $19 billion liquidation event on the weekend of Oct. 10, which caused Bitcoin’s (BTC) price to dip to a four-month low of $104,000 by Friday, Cointelegraph reported at the time.

As the dust settles after the massive liquidation event, investors may see it as a buying opportunity. This dynamic may fuel a Bitcoin rally to $200,000 by the end of 2025, Kendrick said. Despite the volatility, he remains confident that Bitcoin will rebound as markets stabilize.

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