📍 Standard Chartered: #Bitcoin could reach a new peak of ~120,000 USD as early as Q2/2025
Standard Chartered Bank has just made a forecast that Bitcoin could hit 120,000 USD in the second quarter of 2025, establishing a new all-time high (ATH). The report emphasizes that the main driver comes from strong cash flows of Bitcoin spot ETFs in the US and increasing demand from institutional investors.
Standard Chartered also believes that Bitcoin is gradually asserting its role as "digital gold", especially in the context of decreasing supply after the halving and investor sentiment remaining positive despite macroeconomic volatility.
This forecast is significantly higher than the current price of BTC, indicating the confidence of major financial institutions in the long-term trend of the crypto market.
