Bitcoin: $135K by Q3 — Bullish but Risky

I think Standard Chartered’s call that Bitcoin could reach $135K by Q3 and $200K by year-end is credible given continued ETF flows, dwindling effective supply and renewed institutional interest.

I also see clear risks — regulatory moves, macro shocks and volatility can derail the path — so this is a high-reward but high-risk setup.

I’d build exposure selectively, favoring phased entries and buying into weakness while keeping strict position sizing and risk limits.