Standard Chartered ignites the fuse
Bitcoin at $120,000 in Q2
Does the "mass reassignment" of US assets UNLEASH euphoria?
Standard Chartered has raised its forecast for #bitcoin , predicting that #BTC will reach a new all-time high of around $120,000 in the second quarter of this year.
According to a report by analyst Geoff Kendrick, the strategic asset allocation by US investors will be the main catalyst for this increase.
Year-End Target Reiteration: The bank also reiterated its previous target of $200,000 by the end of 2025.
"Bitcoin may be a better hedge than gold against financial system risks," he added.
