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Bitcoin is on the brink of a new leap – why it could reach $200,000?
The head of digital assets at Standard Chartered Bank expressed regret about his previous forecasts for Bitcoin's price in the second quarter of 2025, describing them as "too low" compared to the current reality. The bank predicted Bitcoin's price would reach $120,000 during this quarter, with the potential to hit $200,000 by the end of the year, but Kendrick now sees that this estimate was overly conservative.
Kendrick clarified that the $120,000 level currently seems more achievable, given the significant changes in investor sentiment towards Bitcoin. He believes the perception of Bitcoin has shifted from a high-risk asset to a strategic tool for reallocating investments away from U.S. assets, with growing institutional interest in digital currencies and declining trust in traditional assets.
Digital assets at Standard Chartered Bank indicate that Bitcoin has become a key option for investors seeking safe havens away from global economic fluctuations, which enhances its chances of reaching much higher levels than previous forecasts. This shift in perspective towards Bitcoin reflects a desire to hedge against risks associated with the U.S. dollar, especially amid ongoing global economic uncertainty.
Ethereum ..........
