Bitcoin Could Reach $120,000 in Q2 as Investors Shift Away from U.S. Assets, Says Standard Chartered
Bitcoin could hit a new all-time high in the second quarter of 2025, with a potential price of $120,000, driven by a strategic shift away from U.S. assets, according to Geoff Kendrick of Standard Chartered. In a report released Monday, Kendrick maintained his previous year-end target of $200,000 for the world’s largest cryptocurrency.
At the time of publication, Bitcoin was trading at approximately $95,300.
Kendrick pointed to several key factors supporting the bullish outlook. The U.S. Treasury term premium, which closely tracks Bitcoin’s price movements, has reached a 12-year high. Additionally, there has been strong accumulation by Bitcoin whales, and time-of-day analysis suggests that American investors may be seeking to diversify into non-U.S. assets.
Kendrick also noted that recent ETF flows indicate a “safe-haven reallocation from gold into BTC,” further supporting Bitcoin’s appeal as an alternative asset.
“Bitcoin may serve as a better hedge than gold against risks to the financial system,” he concluded.
