Bitcoin Set to Hit $120,000 in Q2, as Investors Move Away from U.S. Assets, Predicts Standard Chartered
Bitcoin is poised to reach $120,000 in the second quarter of 2025, driven by a strategic shift away from U.S. assets, according to Geoff Kendrick of Standard Chartered. In a report released Monday, Kendrick reaffirmed his forecast of $200,000 for Bitcoin by year-end.
At the time of publication, Bitcoin was trading around $95,300.
Kendrick attributed his optimistic outlook to several factors. The U.S. Treasury term premium, which has historically shown a close correlation with Bitcoin’s price, is currently at a 12-year high. Additionally, strong accumulation by Bitcoin whales and a growing tendency among American investors to seek non-U.S. assets are further bolstering the bullish sentiment.
He also pointed to recent ETF flows, which indicate a shift from gold to Bitcoin, as evidence that the cryptocurrency is becoming an increasingly attractive “safe haven.”
“Bitcoin may offer a superior hedge compared to gold against financial system risks,” Kendrick concluded.
