April 29, 2025
The Standard Chartered urged to buy bitcoin and predicted an increase of up to $ 120,000 thumbnail
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The Standard Chartered urged to buy bitcoin and predicted an increase of up to $ 120,000

The head of the Standard Charter Digital Asset Research Department, Jeffrey Kendrick, urged investors to buy bitcoin and predicts its growth to $ 120,000 in the fourth quarter of 2025. About it reports The Block. Its target price at the end of 2025 is $ 200,000. This is due to the fact that capital gradually flows from US assets to bitcoin, Kendrick explained. To support this trend, he pointed to an increase in the accumulations of large investors and […]”, – WRITE: Businessua.com.ua

The Standard Chartered urged to buy bitcoin and predicted an increase of up to $ 120,000 - Infbusiness

The head of the Standard Charter Digital Asset Research Department, Jeffrey Kendrick, urged investors to buy bitcoin and predicts its growth to $ 120,000 in the fourth quarter of 2025. About it reports The Block.

Its target price at the end of 2025 is $ 200,000. This is due to the fact that capital gradually flows from US assets to bitcoin, Kendrick explained.

In support of this trend, he pointed to an increase in the accumulations of large investors and a change in the dynamics of bidding at different times of the day. In particular, the US State Boil Prize has reached a maximum of 12 years, demonstrating a close relationship with bitcoin.

Analysis of trading time confirms that US investors are looking for alternative assets outside the United States. Last week, a significant influx of Bitcoin-ETF was recorded, which also indicates an increase in interest in “digital gold”.

Following Donald Trump’s announcement about temporary suspension of tariffs, investors in the United States began to actively buy BTC. Kendrick noted that bitcoin had previously fallen together with technological actions, but now demonstrates an independent positive dynamics.

This gap in correlation indicates the transition to more stable assets, and similar activity is observed among Asian traders.

The Standard Chartered urged to buy bitcoin and predicted an increase of up to $ 120,000-Infbusiness

Source: Standard Charter.

Kendrick drew attention to the active purchases of whales with balances of more than 1000 BTC both during the fall caused by tariffs and at the stage of recovery associated with the risk of loss of independence Fed.

The analyst predicts the further increase in the price in the summer due to the increased interest of institutional investors, the future ETF reports and the possible adoption of the US stibcoin law in the United States.

Bitcoin against gold Kendrick considers bitcoin a more effective means of protecting against the risk of the financial system than gold. Despite the stability of gold in tariff escalation, the decentralized nature of bitcoin makes it more attractive hedge for investors.

Earlier, Standard Charterer estimated the potential capitalization of the stablcoin market in $ 2 trillion by 2028.

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