$BTC Bitcoin to reach $120k in Q2, $200k by end of 2025: Standard Chartered
Standard Chartered’s Geoffrey Kendrick is doubling down on a bullish outlook for Bitcoin, forecasting the cryptocurrency will hit $120,000 in the second quarter of 2025 before rising toward $200,000 by the end of the year.
In a note published April 28, Kendrick cited strategic asset reallocation away from U.S. assets, strong Bitcoin Bitcoin
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Bitcoin accumulation by “whales,” and increasing ETF inflows into Bitcoin as key factors supporting the rally.
According to Kendrick, the U.S. Treasury term premium, which historically correlates closely with Bitcoin price movements, has reached a 12-year high
This suggests that U.S.-based investors may be reallocating capital from domestic bonds to alternative assets such as Bitcoin. Kendrick also pointed to Bitcoin’s price behavior in previous cycles, where periods of sideways movement often preceded sharp upward moves.
Recently, a consortium of global banks, including Deutsche Bank and Standard Chartered, explored ways to expand their cryptocurrency operations in the U.S. Their renewed interest followed traditional finance’s shift back into crypto, after the collapse of FTX and the shutdown of two major crypto-friendly banks.
The banks’ evaluation reportedly coincided with former President Donald Trump’s promise to make the U.S. a more crypto-friendly country.#BTC $BTC