๐ฆ๐๐ฎ๐ป๐ฑ๐ฎ๐ฟ๐ฑ ๐๐ต๐ฎ๐ฟ๐๐ฒ๐ฟ๐ฒ๐ฑ ๐ฆ๐ฎ๐๐ "๐๐๐ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ก๐ผ๐," ๐ฆ๐ฒ๐ฒ๐ ๐ฅ๐ฎ๐น๐น๐ ๐๐ผ $๐ญ๐ฎ๐ฌ,๐ฌ๐ฌ๐ฌ ๐ถ๐ป ๐ค๐ฎ
โค Bitcoin Could Hit $120K Soon:
Standard Charteredโs crypto head, Geoffrey Kendrick, says itโs time to "buy Bitcoin now."
He expects Bitcoin to jump to $120,000 during the second quarter of 2025.
โค Why Bitcoin Could Rise:
โ U.S. investors are moving money into Bitcoin after President Trumpโs announcement of tariff breaks for most countries.
โ Big Bitcoin holders (whales) are accumulating more Bitcoin โ just like they did before past major rallies.
โ Bitcoin ETFs are seeing inflows, while gold ETFs are losing money, showing Bitcoin is becoming a new safe-haven asset.
โ U.S. Treasury rates (which usually move with Bitcoin) are at a 12-year high, supporting the case for a big Bitcoin move.
โค 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.
โค What Price Targets Are Ahead?
โ Bitcoin could reach $120K by this summer.
โ His longer-term target remains $200,000 by the end of 2025.
โ Bitcoin is now around $95,500, after hitting an all-time high of $108,786 in January 2025.
โค Other Bold Predictions:
โ Avalanche (AVAX): Could jump over 10x to $250 by 2029.
โ XRP: Could rise to $12.50 by 2028.
โ Ether (ETH): 2025 target lowered to $4,000.
โ Stablecoins: Total supply could grow to $2 trillion by 2028, helped by new U.S. regulations.
โค 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.