“Strategic Allocation Away from US Assets is Likely to be the Catalyst for Move to a New Record.”, – WRITE: www.coindesk.com
Kendrick Sees The World’s Largest Cryptocurrency As Reaching $ 120,000 this Quarter as HE Reiterated his Previoses Target of $ 200,000 by the end of 2025.
Bitcoin Was Trading AROUND $ 95,300 AT PUBLICATION TIME.
Kendrick Noted that US Treasury Term Premium, Which Is Closely Correlated to the Bitcoin Price, is at A 12-Year High. Accumulation by WHALES HAS ALSO BEEN STRONG. In Addition, Bitcoin Time-of-Day Analysis Suggests that American Investors May Be Looking for Non-Us Assets, He Said.
Lastly, Exchange-Traded Fund (ETF) Flows in the Last Week Suggest “Safe-HAVEN RELALOCATION FROM GOLD INTO BTC,” Wrote Kendrick.
“Bitcoin May Be a Better Hedge Than Gold Against Financial System Risks,” He Added.
Read More: Tariffs, Trade Tensions May Be Positive For Bitcoin Adoption in Medium Term: GrayScale
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