Standard Chartered's Global Head of Digital Assets Research, Geoffrey Kendrick, 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 shifting towards non-U.S. assets. He noted that indicators like U.S. Treasury term premiums at a 12-year high, continued accumulation by whale addresses, and ETF fund inflows all support the upward trend of Bitcoin. Additionally, Kendrick maintains his target price of $200,000 for Bitcoin by the end of 2025. (The Block)
Standard Chartered Bank: Bitcoin will rise to about $120,000 in the second quarter of 2025
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