Standard Chartered Bank: Bitcoin is expected to rise to $120,000 in Q2
ChainCatcher news, Standard Chartered's Geoff Kendrick predicts that Bitcoin will rise to $120,000 in the second quarter, mainly due to funds being pulled from U.S. assets. He believes now is a good time to buy Bitcoin and maintains a target of $200,000 by the end of 2025.He pointed out that strong buying from U.S. investors and "whale" investors, along with ETF inflows, indicate that Bitcoin will continue to rise. Additionally, increased institutional interest and potential stablecoin legislation also support upward pressure on Bitcoin prices.Bitcoin is currently priced at around $95,500, with an all-time high of $108,786.