Standard Chartered Predicts Bitcoin Surge to $120,000 by Q2 2025
- Standard Chartered forecasts Bitcoin could reach $120,000 before the end of Q2 2025.
- The current trading price of Bitcoin is approximately $94,980.
- The bank anticipates a longer-term increase to $200,000 by the end of 2025.
- Geoffrey Kendrick cites growing institutional demand and a shift from US assets as key factors for the rise.
- Kendrick views Bitcoin as a superior hedge against financial risks compared to gold.
Standard Chartered’s analysis suggests that Bitcoin’s value may increase by around 26% from its current level, potentially reaching $120,000 before mid-2025. The bank attributes this potential growth to increased institutional interest and diversification away from US assets.
Source (2.6)https://dailyhodl.com/2025/04/30/standard-chartered-predicts-new-bitcoin-all-time-high-this-quarter-heres-the-banking-giants-target-report/?rand=59076
