Bitcoin (BTC/USD) may reach a new all-time high of $120,000 by the second quarter of 2025, predicts Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered.
Key Drivers Behind the Bullish Forecast
1. Strategic Reallocation Away from U.S. Assets
Kendrick notes a shift in capital away from U.S. markets, driven by:
- High Treasury term premiums (highest in a decade), signaling demand for alternative assets.
- Whale accumulation of Bitcoin accelerating.
- ETF flows indicating migration from gold to Bitcoin.
👉 Why institutional demand is fueling Bitcoin’s rise
2. Institutional Demand and Market Timing
- Kendrick expects Bitcoin’s rally to be "imminent," historically followed by consolidation phases.
- Standard Chartered’s year-end $200,000 price target remains intact, with Q2 potentially setting the stage.
3. Macroeconomic Uncertainty
Volatility in traditional markets (inflation, geopolitical risks) is pushing investors toward non-traditional stores of value like Bitcoin.
FAQs
Q: What’s driving Bitcoin’s potential surge to $120,000?
A: Institutional demand, U.S. asset reallocation, and macroeconomic instability are key factors.
Q: Is Standard Chartered’s $200,000 year-end target realistic?
A: Kendrick believes Q2 performance could validate this forecast, though timing remains uncertain.
Q: How does Bitcoin compare to gold as an investment?
A: Recent ETF flows suggest Bitcoin is increasingly seen as a digital alternative to gold.
👉 Explore Bitcoin’s role in modern portfolios
Current Market Snapshot
- Bitcoin price: ~$95,000 (7x increase from November 2022 lows).
- Volatility: U.S. market turbulence is amplifying interest in crypto.
Disclaimer: Trading involves risk; 82% of retail CFD accounts lose money.
Conclusion
Kendrick’s analysis underscores Bitcoin’s growing institutional appeal and macroeconomic hedge potential. While $120,000 in Q2 seems ambitious, underlying demand and market dynamics suggest a credible pathway.
For real-time updates, monitor ETF inflows and whale activity.