Report suggests that a financial analyst from Standard Chartered has revised his Bitcoin price prediction, indicating $120,000 as too modest.
Cryptocurrency Analysis: Bitcoin on the Rise - Again!
Geoffrey Kendrick, the digital asset guru at Standard Chartered, is revising his Bitcoin predictions
Standard Chartered's digital asset mastermind, Geoffrey Kendrick, is reconsidering his initial plans for Bitcoin due to escalating price action and robust investment inflows.
In a previous analysis back in April, Kendrick suggested that Bitcoin could reach an impressive $120,000 by the second quarter of 2025. However, new insights have made him question the viability of this projection.
Kendrick now believes that even his updated $200,000 year-end target for Bitcoin may be too modest. He highlights the increasing tide of funds pouring into Bitcoin as the key factor behind his bullish stance.
Notable institutional investors like the Abu Dhabi sovereign wealth fund and Strategy Inc (formerly MicroStrategy) have contributed around $5.3 billion to Bitcoin's recent surge during the last three weeks.
As Kendrick stated, "The dominant story for Bitcoin has evolve yet again... It's all about flows, and the flows are coming in various forms." Although Kendrick stopped short of providing a new price prediction, he clearly hints at a more upwardly mobile future for Bitcoin.
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Hurdles Ahead:
With Bitcoin's price currently trading at $99,450, a substantial rise over the initial prediction would mean potentially turbulent waters ahead. Traders and investors must remain cautious as Bitcoin tackles the challenges on its path to unprecedented heights.
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In the Edition:
- Standard Chartered's strong stance on Bitcoin
- A look into the International Crypto Trading Cup
- Blockchain T-Rex's $17 million fundraising round
- Flipster's foray into the esports realm as the official crypto exchange partner
- Bybit's swift liquidity recovery post-hack
- ProMeet's launch of the Promeeters Program
- DogeOS's $6.9 million funding round
- Reports of a massive Bitcoin capitulation in the making
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[1] Goldstein, R. (2025). 'Standard Chartered Senior Official Lowers Bitcoin Price Prediction to $120,000 for Q2 2025'. CNBC. Retrieved from https://www.cnbc.com/2025/05/01/standard-chartered-senior-executive-lowers-bitcoin-price-prediction-to-120000-for-q2-2025.html
[2] Schmidt, S. (2025). 'Standard Chartered's Geoffrey Kendrick Expects $120,000 Bitcoin Price by Q2 2025'. Blockchain Reporter. Retrieved from https://blockchainreporter.net/standard-chartered-geoffrey-kendrick-expects-120000-bitcoin-price-by-q2-2025/
[3] Shaw, M. (2025). 'Standard Chartered Executive Predicts Bitcoin to Surge Beyond Our $200,000 Year-End Forecast'. Live Bitcoin News. Retrieved from https://www.livebitcoinnews.com/standard-chartered-executive-predicts-bitcoin-to-surge-beyond-our-200000-year-end-forecast/
[4] Chappell, C. (2025). 'Standard Chartered's Strategy for Bitcoin - $120,000 by Q2, $200,000 by End of the Year'. Coinmarketcap.Retrieved from https://coinmarketcap.com/joewson/standard-chartered-s-strategy-for-bitcoin
[5] Singh, R. (2025). 'Bitcoin Price Outlook: More Crypto Gains Likely as Strategic Allocation, Accumulation Boost Demand'. NewsBTC. Retreived from https://www.newsbtc.com/news/bitcoin/bitcoin-price-outlook-more-crypto-gains-likely-as-strategic-allocation-accumulation-boost-demand/
- Geoffrey Kendrick, a digital asset expert at Standard Chartered, is revising his original Bitcoin predictions due to rising prices and strong investment inflows.
- Kendrick's updated forecast for Bitcoin suggests that the year-end target of $200,000 may be too conservative, given the increasing tide of funds pouring into the cryptocurrency.
- Institutional investors like the Abu Dhabi sovereign wealth fund and Strategy Inc have contributed around $5.3 billion to Bitcoin's recent surge, supporting Kendrick's bullish stance on Bitcoin's future.
