$BTC
"Better than gold": Standard Chartered Bank recommends buying bitcoin "now"
In strong form for a week, bitcoin is heading towards a new phase of increase. This is what Geoffrey Kendrick, global head of digital asset research at Standard Chartered, believes in a note reviewed by The Block. The analyst predicts that bitcoin will reach $120,000 in the second quarter, beating its record of $109,000 set on January 20.
Standard Chartered maintains its prediction of bitcoin at $200,000 by the end of the year, recommending investors to buy "now". Since the introduction of U.S. tariffs on April 9, U.S.-based investors have been looking for "non-American" assets, it can be read.
