Bitcoin on Track for Record Price This Quarter as Investors Reallocate Assets: Standard Chartered

The bank continues to be bullish on the price of the asset.



By Mat Di Salvo

Apr 29, 2025

2 min read



Source: Shutterstock

In brief

Bitcoin was largely trading sideways this month.

But BTC has regained ground and crypto ETFs generating large inflows.

Standard Chartered said American investors are reallocating their positions into the asset.

Bitcoin will hit an all-time high of $120,000 this quarter and reach $200,000 by the end of the year as investors increasingly pull money from U.S. assets, and based on other indicators, an analyst at Standard Chartered said in a note Monday. 

The bank’s Global Head of Digital Assets Research Geoffrey Kendrick highlighted rising yields–which have correlated with past Bitcoin price jumps–accumulation of Bitcoin by whales, and the past week’s ETF flows suggesting “safe-haven reallocation from gold to BTC” as signals for a price jump, reiterating his bullish forecasts of recent months.