Standard Chartered predicts Bitcoin may soar to $120,000 by Q2 2025, suggesting investors buy now. Geoffrey Kendrick cites factors like rising U.S. treasury premiums, a shift from U.S securities to Bitcoin among American investors, and increased whale accumulation. Notably, ETF capital is moving toward Bitcoin from gold, reinforcing its status as an investment. The bank maintains an end-of-year Bitcoin target of $200,000, anticipating continued gains into summer 2025.
Standard Chartered, a prominent British bank, has made a bold prediction regarding Bitcoin, suggesting it could soar to $120,000 by Q2 2025. Geoffrey Kendrick, who leads the bank’s global digital assets team, shared this bullish outlook in a report sent via email to investors today, urging them to consider buying in now.
Kendrick points to various on-chain metrics and broader macroeconomic indicators to support his forecast. A significant factor mentioned is the rising U.S. treasury term premium, which recently hit a 12-year peak. This increase correlates strongly with Bitcoin’s price movements, suggesting that as the treasury premium rises, investors might funnel more capital into high-return investments like Bitcoin.
Additionally, the bank has noticed a trend among American investors shifting away from dollar-based securities towards non-U.S. assets, with Bitcoin being a prime focus. Kendrick observed a distinct accumulation of Bitcoin amongst U.S. investors, which gained momentum after President Donald Trump announced a postponement of tariff hikes on all nations except China earlier in the month. This move has allowed Bitcoin to outperform a number of other investments, including tech stocks.
Another key factor Kendrick pointed out was the accumulation of Bitcoin by so-called ‘whale’ investors—those holding more than 1,000 BTC. He suggests these larger investors have been purchasing Bitcoin throughout recent price dips, motivated by expectations of recovery and strong future performance.
The report also highlighted a recent trend shifting funds from gold to Bitcoin in ETFs, indicating rising investor confidence in Bitcoin as a more reliable hedge amid economic uncertainties. Kendrick’s projections show Bitcoin hitting the $120,000 mark would represent a substantial 26.9% increase from its current price of $94,560 and a near 10% rise from its previous all-time high of $109,114 recorded back on January 20.
Though optimistic, Kendrick has kept his end-of-year Bitcoin target unchanged at a remarkable $200,000. If Bitcoin does reach the projected $120,000 mark, he anticipates it will continue to climb throughout the summer of 2025. With Bitcoin poised for potential growth, Kendrick suggests that now could be an advantageous time for buyers, given the unpredictability of Bitcoin’s future price movements.
It’s important to note this article is for informational purposes only and is not financial advice. The opinions expressed are those of the author and may not reflect the views of The Crypto Basic. Thorough research is always recommended before making investment decisions. The Crypto Basic holds no responsibility for potential financial losses.
