Standard Chartered Says Bitcoin Will Hit All-Time High in Q2
With the asset turning around its 2025 fortunes in a big way last week, $1.1 trillion asset manager Standard Chartered has predicted that Bitcoin will hit a new all-time high in Q2. Indeed, the firm says that the leading cryptocurrency is set to target the $120,000 mark amid its recent performance.
The firm’s global head of digital asset research, Geoffrey Kendrick, urged investors to “buy now” regarding BTC. Moreover, he notes that its price is set to explode amid the ongoing strategic reallocation away from United States assets. Subsequently, it should be set to reach a new landmark price in the coming quarter.
JUST IN: Standard Chartered Bank predicts Bitcoin to reach all-time high in the second quarter.
— Watcher.Guru (@WatcherGuru) April 28, 2025
Also Read: Deutsche Bank, Standard Chartered Eye Expanded US Crypto Operations
Standard Chartered Says Bitcoin Will Hit $120,000 in Q2
Earlier this year, Standard Chartered predicted that Bitcoin was on a $500,000 pace before US President Trump’s second term ends. That was reiterated by the firm in early April despite its price performance being lackluster. Now, they have an even more optimistic outlook on the cryptocurrency’s price performance.
Over the last week, the leading crypto has performed incredibly well. Indeed, it has broken through the $95,000 mark, jumping over 9% in the last week. That may just be the start, as Standard Chartered predicts that Bitcoin will reach a new all-time high price in Q2.
Also Read: Ethereum: Standard Chartered Drops ETH 2025 Target to $4,000
“A number of indicators support our view that Bitcoin is headed for the next leg higher,” the firm’s research head, Geoffrey Kendrick, said. “US Treasury term premium (which has a close correlation to BTC) is at a 12-year high. Time-of-day analysts suggest that US-based investors may be seeking on-US assets.” Moreover, he noted that this is being countered by “reallocation from gold into BTC.”
This all suggests that U.S. investors are ramping up Bitcoin purchases. Therefore, the asset should be on pace to challenge its previous all-time high above the $109,000 mark. Altogether, Kendrick said “now” is the time to buy BTC, as they project it to hit the $200,000 market before the year is through.
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Standard Chartered Says Bitcoin Will Hit All-Time High in Q2
With the asset turning around its 2025 fortunes in a big way last week, $1.1 trillion asset manager Standard Chartered has predicted that Bitcoin will hit a new all-time high in Q2. Indeed, the firm says that the leading cryptocurrency is set to target the $120,000 mark amid its recent performance.
The firm’s global head of digital asset research, Geoffrey Kendrick, urged investors to “buy now” regarding BTC. Moreover, he notes that its price is set to explode amid the ongoing strategic reallocation away from United States assets. Subsequently, it should be set to reach a new landmark price in the coming quarter.
JUST IN: Standard Chartered Bank predicts Bitcoin to reach all-time high in the second quarter.
— Watcher.Guru (@WatcherGuru) April 28, 2025
Also Read: Deutsche Bank, Standard Chartered Eye Expanded US Crypto Operations
Standard Chartered Says Bitcoin Will Hit $120,000 in Q2
Earlier this year, Standard Chartered predicted that Bitcoin was on a $500,000 pace before US President Trump’s second term ends. That was reiterated by the firm in early April despite its price performance being lackluster. Now, they have an even more optimistic outlook on the cryptocurrency’s price performance.
Over the last week, the leading crypto has performed incredibly well. Indeed, it has broken through the $95,000 mark, jumping over 9% in the last week. That may just be the start, as Standard Chartered predicts that Bitcoin will reach a new all-time high price in Q2.
Also Read: Ethereum: Standard Chartered Drops ETH 2025 Target to $4,000
“A number of indicators support our view that Bitcoin is headed for the next leg higher,” the firm’s research head, Geoffrey Kendrick, said. “US Treasury term premium (which has a close correlation to BTC) is at a 12-year high. Time-of-day analysts suggest that US-based investors may be seeking on-US assets.” Moreover, he noted that this is being countered by “reallocation from gold into BTC.”
This all suggests that U.S. investors are ramping up Bitcoin purchases. Therefore, the asset should be on pace to challenge its previous all-time high above the $109,000 mark. Altogether, Kendrick said “now” is the time to buy BTC, as they project it to hit the $200,000 market before the year is through.
Read More
Bitcoin Reclaims $94K After Saylor’s Shopping Spree