$BTC Key Developments

Analyst Forecast: Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, predicts Bitcoin could reach $120,000 in Q2 and $200,000 by year-end.

Economic Factors: Rising tariffs and concerns over Federal Reserve independence are prompting investors to shift from traditional assets to Bitcoin.

Investor Behavior: Since President Trump's announcement on April 9 to delay tariffs, U.S. investors have increased Bitcoin purchases, with the cryptocurrency outperforming tech stocks.

Institutional Interest: Upcoming SEC 13F filings may reveal increased Bitcoin holdings by pension and sovereign wealth funds.

Regulatory Outlook: Potential stablecoin legislation this summer could further boost the crypto market.