$BTC Geoffrey Kendrick, global director of digital asset research at the American financial company, Standard Chartered, believes that "bitcoin is heading towards the next bullish phase" and therefore, buying bitcoin now could be a great idea.

The specialist argues that "the term premium of U.S. Treasury bonds (which has a close correlation with BTC) is at its highest level in 12 years." He adds that "hourly analysis suggests that U.S. investors may be seeking non-U.S. assets and, in the meantime, the accumulation of BTC by major investors has been solid."

In addition, Kendrick notes that —as CriptoNoticias has reported— investment funds in bitcoin and cryptocurrencies (including spot ETFs) have shown increased capital inflows. It should be noted that spot ETFs, due to their structure, directly impact the price of their underlying assets.

According to the specialist, bitcoin could reach $120,000 in this same quarter and $200,000 before the end of 2025.