The Future of Bitcoin: Standard Chartered's Bullish Predictions
Banking giant Standard Chartered expects a fresh record high for Bitcoin in this quarter, setting a predicted target as per recent reports.
Welcome, crypto enthusiasts! Let's delve into the exciting world of Bitcoin and the latest predictions from Standard Chartered. Get ready to hear some jaw-dropping projections for the coming weeks, months, and even years!
Latest News: Bitcoin Eyeing $120,000 by Q2 2025!
That's right, folks! Bitcoin, the king of cryptocurrencies, is said to touch new heights according to a recent report by Standard Chartered [1]. Their head of digital assets research, Geoffrey Kendrick, foresees a 26% increase in price, with Bitcoin soaring to an astounding $120,000 before Q2 2025.
Kendrick attributes this impressive growth to rising institutional interest and investors' eagerness to diversify their portfolios away from US assets [2]. Bitcoin's price stands at $94,980 at the time of writing.
But that's just the beginning! Standard Chartered's long-term projection places Bitcoin's price at a staggering $200,000 by the end of 2025.
Bitcoin: A Better Hedge Than Gold?
In his research note, Kendrick believes that Bitcoin provides a superior hedge compared to gold against financial risks like a bank collapse or government-issued debt default [2]. This is due to Bitcoin's decentralized nature, making it less vulnerable to political instability. Gold, on the other hand, is a better hedge against geopolitical risks.
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Crypto Markets: A Constantly Evolving Landscape
Frenetic pace and groundbreaking developments characterize the cryptocurrency markets. Keep your eyes peeled for the latest announcements, partnerships, and collaborations in the crypto sphere. With experts like Kendrick predicting such bullish trends, the future of Bitcoin and other digital assets promises to be an exhilarating ride!
_{[1] Benzinga Crypto, 2025 [2] Standard Chartered Research Note, April 28th, 2025}
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- The prediction of a $120,000 Bitcoin price by Q2 2025 is in line with Standard Chartered's bullish outlook for the king of cryptocurrencies.
- Geoffrey Kendrick from Standard Chartered believes Bitcoin's decentralized nature makes it a superior hedge against financial risks, such as a bank collapse or government-issued debt default.
- As institutional interest and diversification away from US assets grows, altcoins, Ethereum, and the blockchain network could also witness significant gains in the near future.
- With the deglobalization of finance, Bitcoin and decentralized digital assets may play an increasingly important role in reshaping the global economy.
- Stay ahead of the curve by learning about the latest cryptocurrency investing strategies, keeping up with the quickly evolving blockchain landscape, and following industry news and insights at The Daily Hodl.
