28.04.2025 20:42
Geoffrey Kendrick, the global head of digital asset research at Standard Chartered, has advised to "buy now" for Bitcoin, predicting that it will reach a new all-time high of $120,000 in the second quarter. This rise, supported by a strategic reallocation away from U.S. assets, emphasizes that Bitcoin is a more effective financial hedge against gold.
Standard Chartered draws attention to many indicators in its newly released report that suggest Bitcoin is ready for its next wave of growth. The U.S. Treasury futures premium, which has reached its highest level in 12 years, the search for assets outside the U.S. by U.S.-based investors, and the strong Bitcoin holdings of large holders known as "whales" are among the factors supporting the rise of the cryptocurrency.
Standard Chartered Sets a Target of $200,000 for Bitcoin by the End of 2025
According to the analysis of financial giant Standard Chartered, Bitcoin is expected to rise to $120,000 in the second quarter of this year. Geoffrey Kendrick, who prepared the report, states that this increase will be supported by a strategic exit from U.S. assets.
Kendrick emphasizes that the U.S. Treasury futures premium has a close correlation with BTC and is at its highest level in 12 years while explaining the bullish signals for Bitcoin. Intraday analyses show that U.S. investors are turning to assets outside the U.S.
Since President Donald Trump announced a 90-day delay in customs duties for all countries except China on April 9, Bitcoin has positively diverged from technology stocks. This performance of Bitcoin confirms that U.S. investors are shifting towards assets outside the U.S.
Bitcoin is currently trading at around $95,500 and reached its all-time high of $108,786 on January 20, 2025. Kendrick maintains the target of $200,000 by the end of 2025.
Bitcoin's strong gains may continue throughout the summer. Increased institutional interest, the upcoming 13F filings in mid-May showing long-term purchases by pension funds and national wealth funds, and the potential passage of U.S. stablecoin legislation are factors supporting this rise.
The primary role of Bitcoin is defined as a hedge against risks to the current financial system. Kendrick argues that due to Bitcoin's decentralized nature, it is more effective in this regard than gold.