𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗖𝗵𝗮𝗿𝘁𝗲𝗿𝗲𝗱 𝗦𝗮𝘆𝘀 "𝗕𝘂𝘆 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗡𝗼𝘄," 𝗦𝗲𝗲𝘀 𝗥𝗮𝗹𝗹𝘆 𝘁𝗼 $𝟭𝟮𝟬,𝟬𝟬𝟬 𝗶𝗻 𝗤𝟮
➤ Bitcoin Could Hit $120K Soon:
Standard Chartered’s crypto head, Geoffrey Kendrick, says it’s time to "buy Bitcoin now."
He expects Bitcoin to jump to $120,000 during the second quarter of 2025.
➤ Why Bitcoin Could Rise:
✔ U.S. investors are moving money into Bitcoin after President Trump’s announcement of tariff breaks for most countries.
✔ Big Bitcoin holders (whales) are accumulating more Bitcoin — just like they did before past major rallies.
✔ Bitcoin ETFs are seeing inflows, while gold ETFs are losing money, showing Bitcoin is becoming a new safe-haven asset.
✔ U.S. Treasury rates (which usually move with Bitcoin) are at a 12-year high, supporting the case for a big Bitcoin move.
➤ Shift From Gold to Bitcoin:
Kendrick says Bitcoin is now a better hedge against financial system risks than gold, because of its decentralized nature.
Gold is still better for geopolitical risks, but more investors are starting to prefer Bitcoin for financial protection.
➤ What Price Targets Are Ahead?
✔ Bitcoin could reach $120K by this summer.
✔ His longer-term target remains $200,000 by the end of 2025.
✔ Bitcoin is now around $95,500, after hitting an all-time high of $108,786 in January 2025.
➤ Other Bold Predictions:
✔ Avalanche (AVAX): Could jump over 10x to $250 by 2029.
✔ XRP: Could rise to $12.50 by 2028.
✔ Ether (ETH): 2025 target lowered to $4,000.
✔ Stablecoins: Total supply could grow to $2 trillion by 2028, helped by new U.S. regulations.
➤ Institutional Support Growing:
Big investors like pension funds and sovereign wealth funds might soon be revealed as major Bitcoin buyers when ETF 13F filings are published in May.
Also, a possible stablecoin law in the U.S. could boost the whole crypto market.