An analyst of Standard charteredfamous British bank, Predicted that Bitcoin would reach $ 120,000 in the second quarter of 2025. In a note sent to its customers on Thursday (8), Shared by CNBCGeoffrey Kendrick apologized for the target.
According to the analyst, such a prediction is very low. With 53 days over until the end of the quarter, Bitcoin is negotiated for $ 101,000, the highest price since the beginning of February.
The increase happens after the US central bank has kept interest rates unchanged and avoids to indicate what your next steps will be. Added to this, The success of the Pecra update at Ethereum also welcomed investors.
Standard Chartered predicts price folding for Bitcoin in 2025
When Bitcoin was quoted in the range of $ 67,500, in October 2024, the Standard Chartered Dug that the cryptocurrency battery new records In the following weeks.
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Shortly thereafter, the BTC surpassed the range of $ 100,000 for the first time in history.
Now, British bank analysts believe that Bitcoin can double in 2025. In a letter sent to his customers, Standard even apologized for its purpose of $ 120,000 and said it was very conservative.
“My apologies for my $ 120,000 goal for the second trimester can be very low.”
The update indicates that This price range “looks very plausible”That is, very conservative.
One of the reasons mentioned is a change in the story of Bitcoin, again changed.
“It used to be the correlation with risk assets … Then it became a way to position itself for the strategic displacement of assets from the US.”said Geoffrey Kendrick, analyst at Standard Chartered. “Now it’s all the streams. And the currents come in many ways.”
Although companies often buy thousands of bitcoins, including names such as strategy and tether, Bitcoin ETFs have also had important entries in recent weeks.
British Bank is increasingly linked to the cryptocurrency sector
In addition to his priced accurate predictions, Standard Chartered also focuses on its activities in the Cryptocurrency market.
As an example, the Standard Chartered announced in January that he will offer Bitcoin Custody Services And other cryptocurrencies. In April, Banco entered into a partnership with broker Bybit To sail the background of your customers.
For the future, the Standard Chartered predicts that the cryptocurrency market is three -time and reached $ 10 trillion in 2026.
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
