Bitcoin

Standard Chartered Predicts New Bitcoin All-Time High This Quarter – Here’s the Banking Giant’s Target: Report

Published

6 months ago

April 30, 2025

British Multinational Financial institution Customary Chartered says that Bitcoin (BTC) may attain a brand new all time within the coming weeks, in response to a brand new report.

Geoffrey Kendrick from Customary Chartered’s Head of Digital Property Analysis, Geoffrey Kendrick, sees Bitcoin with about 26% of the present stage and reaches a value of $ 120,000 for the tip of Q2 2025, report Benzinga Crypto.

In a analysis memorandum, Kendrick says that the rising institutional demand and the will of buyers to relocate capital from the American property are a number of the components that might float the worth of Bitcoin larger within the coming weeks.

Bitcoin acts at $ 94,980 on the time of writing.

In the long term, Customary Chartered Bitcoin initiatives a value of $ 200,000 by the tip of 2025.

A screenshot Of the usual chartered analysis invoice of 28 April means that Kendrick believes that Bitcoin provides a greater cowl than gold in opposition to monetary dangers introduced by the personal sector, reminiscent of a collapse of a financial institution or from the general public sector, reminiscent of a default on money owed issued by the federal government.

“We see the first objective of Bitcoin in investorsportfolios as a canopy in opposition to dangers for the present monetary system. Though gold provides a comparable cowl in opposition to dangers for monetary system, we’d declare that Bitcoin is more practical on this respect because of the decentralized nature. Within the meantime, gold is a greater hedge in opposition to geopolitical dangers.

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