Standard Chartered: Bitcoin will rise to about $120,000 in the second quarter of 2025.

Geoffrey Kendrick, the global digital asset research director at Standard Chartered Bank, stated that Bitcoin is expected to rise to around $120,000 in the second quarter of 2025, driven by factors such as U.S. investors turning to non-U.S. assets. He pointed out that indicators such as U.S. Treasury yield premiums at a 12-year high, whales accumulating addresses, and ETF fund inflows all support the upward trend of Bitcoin. Additionally, Kendrick maintains a target price of $200,000 for Bitcoin by the end of 2025. (The Block)

BTC1,52%
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