🗣️ Geoffrey Kendrick, head of digital asset research at Standard Chartered, said that the first cryptocurrency could set a record by breaking the $120,000 mark in the second quarter.
💰 According to Kendrick, after US President Donald Trump announced a tariff deferral, demand for the first cryptocurrency from American and Asian investors has increased.
“A number of signals indicate that Bitcoin is moving towards its next growth phase. The term premium on US Treasury bonds, with which the asset is closely correlated, is at a level close to the maximum in the last 12 years. Whales continue to accumulate Bitcoin, and the positive dynamics in ETFs shows the flow of liquidity from gold back into the first cryptocurrency,” Kendrick said.
🥸 The expert noted that Standard Chartered still adheres to the forecast for the Bitcoin price of $200,000 by the end of 2025. The next catalysts for growth in the summer could include an influx of institutional money, the publication of reports on investments in spot Bitcoin ETFs in May, and the adoption of the stablecoin law in the US, the analyst believes.
