Bitcoin's Potential Record High This Quarter Predicted by Standard Chartered - The Banking Titan Sets Its Target
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Hey there, crypto enthusiasts! Let's dive into today's hot news that's buzzing in the crypto world.
Standard Chartered, a global banking powerhouse, predicts Bitcoin (BTC) could hit a new all-time high in the coming weeks, reaching an impressive $120,000 before the end of Q2 2025[1][Kendrick]. That's roughly a 26% increase from its current price[2].
According to Geoffrey Kendrick, the bank's head of digital assets research, institutional demand and investors' desire to shift capital away from U.S. assets are key factors driving this potential Bitcoin price increase[1][Benzinga Crypto].
As of now, Bitcoin is trading at $94,980[2]. If this forecast holds true, it'll be an exciting ride for Bitcoin holders! Over the longer term, Standard Chartered projects Bitcoin to reach a staggering $200,000 by the end of 2025[1].
But what about Bitcoin compared to gold as a financial hedge? According to Kendrick, Bitcoin, being decentralized, is more effective in hedging against risks to the existing financial system. Gold, on the other hand, is a better hedge against geopolitical risks and is less correlated to risky assets[1].
Stay tuned for more crypto updates! Don't forget to follow us on Twitter, Facebook, and Telegram for updates, price analysis, and fun content[1]. And, remember, The Daily Hodl isn't an investment advisor. Always do your own research before investing in any cryptocurrency[1].
P.S. Here's a sneak peek at Bitcoin-related news from the industry[1]:
- aZen Secures $1.2M Seed Round and Web3 Grants to Build DePIN for Ubiquitous AI after onboarding 600k users
- Bitcoin Seoul 2025 hosting global industry leaders for Asia's largest Bitcoin-focused conference
- FLOKI and Rice Robotics launch AI companion robot with token rewards
- STEPN and the Argentina Football Association announce their latest NFT drop
- BYDFi partners with Ledger to launch a limited edition hardware wallet, debuting at TOKEN2049 Dubai
- Team behind popular Telegram wallet Grindery reveals wallet infra for AI agents
- Common launches first privacy web app with subsecond proving times for Arbitrum and Aleph Zero EVM
[1] https://thedailyhodl.com/2025/04/30/bitcoin-likely-to-see-final-bullish-move-before-a-strong-reversal-downwards-says-analyst-here-are-his-targets/[2] https://coinmarketcap.com/[3] https://www.benzingacrypto.com/[4] https://twitter.com/thedailyhodl[5] https://www.facebook.com/thedailyhodl[Kendrick] https://twitter.com/geoffrey_kend[Benzinga Crypto] https://www.benzingacrypto.com/
- The cryptocurrency Bitcoin (BTC) is expected to reach a new all-time high of $120,000 in the coming weeks, according to Standard Chartered's head of digital assets research, Geoffrey Kendrick.
- As of now, the current trading price of Bitcoin is $94,980, but if the forecast holds true, it could be an exciting ride for Bitcoin holders.
- Kendrick believes that Bitcoin, as a decentralized cryptocurrency, is more effective in hedging against risks to the existing financial system compared to gold.
- altcoins like aZen, FLOKI, and STEPN are making headlines with new partnerships, launches, and NFT drops in the industry.
- Before investing in any cryptocurrency, including Bitcoin, it's important to remember that The Daily Hodl is not an investment advisor, and everyone should do their own research. A disclaimer should always be kept in mind when considering investing in the crypto market.
