US EditionBitcoin (BTC) Price 2Q Target of $120K May Be Too Conservative: Standard Chartered
- Geoffrey Kendrick, who leads digital asset strategy at Standard Chartered, forecasted that Bitcoin could reach $120,000 by the second quarter of 2025, noting that it was trading close to $99,000 in early May of that year.
- Kendrick attributed this forecast to institutional inflows like $5.3 billion into U.S. Spot Bitcoin ETFs and strategic shifts away from U.S. Assets toward Bitcoin.
- Major holders such as MicroStrategy increasing Bitcoin holdings and sovereign wealth funds buying related ETFs underpin this bullish view, signaling growing institutional adoption.
- Kendrick apologized that his $120,000 Q2 target "may be too low" and suggested Bitcoin could rally further toward $200,000 by the end of 2025 as gains continue.
- This outlook implies accelerating institutional demand and policy alignment, with upcoming filings expected to reveal continued accumulation and support for higher Bitcoin prices.
14 Articles
14 Articles
Bitcoin Pops Above $103,000 As Standard Chartered Analyst Calls $120,000 Q2 Target ‘Too Low’
The price of Bitcoin (BTC) crossed the psychologically important trading level of $100,000 on Thursday for the first time since February, reflecting renewed bullish sentiment among investors as the U.S. gears up for trade talks with China and prepares to make a trade deal with the UK. BTC Retakes $101K Level The world’s largest crypto first zoomed past $100,000 in December as it surged steadily following pro-crypto Donald Trump’s November electi…
Bitcoin accepted at fast-food chain Steak ’n Shake from May 16 - WorldNL Magazine
American fast food outlet Steak ‘n Shake has announced it will begin accepting Bitcoin as payment at all locations starting on May 16.The firm said on X on May 9 that it was making the cryptocurrency available to more than 100 million customers, adding that “the movement is just beginning,” before signing off as “Steaktoshi.” The fast food chain initially hinted at accepting Bitcoin (BTC) in March when it posted “Should Steak ‘n Shake accept Bit…
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