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Standard Chartered's Head of Digital Asset Research, Jeff Kendrick(Geoff Kendrick), warned that Bitcoin could experience a decline in the short term, citing outflows from cryptocurrency ETFs as the main reason. However, he remains bullish on Bitcoin's long-term prospects, reaffirming this year's target of $100,000 and reaching $500,000 by 2030, emphasizing that institutional investment is a key stabilizing factor and growth driver. This aligns with Cathie Wood(Cathie Wood) of Ark Invest, who predicts Bitcoin will be valued between $300,000 and $1.5 million by 2030.