PANews reported on May 22 that according to The Block, Geoff Kendrick, Head of FX Research and Digital Assets Research at Standard Chartered Bank, expects Bitcoin to reach an all-time high over the weekend, hitting the March 14 level of $73,798. Kendrick added that the optimism surrounding the potential approval of a spot Ethereum ETF this week has made him more confident in his price target for Bitcoin, which is $150,000 by the end of 2024 and $200,000 by the end of 2025. Kendrick also noted that the situation has been more constructive in recent days, with inflows into spot Bitcoin ETFs increasing, bringing the total to a record high of $12.9 billion.