TL;DR
- Geoffrey Kendrick, head of digital assets research at Standard Chartered, states that Bitcoin will reach $120,000 in the second quarter of 2025, driven by a migration of investments away from U.S. assets.
- He emphasizes that “now is the time to buy,” also projecting a $200,000 target price by the end of 2025.
- Factors such as whale accumulation, outflows from gold ETFs into Bitcoin, and increasing institutional interest are strengthening this bullish trend.
Bitcoin is once again dominating financial headlines with a new and encouraging prediction. According to Geoffrey Kendrick, Standard Chartered’s global head of digital assets research, Bitcoin’s price could reach $120,000 in the second quarter of 2025. Kendrick highlights that multiple macroeconomic and market behavior factors suggest this is the ideal time to invest.
His analysis points to a strong correlation between the U.S. Treasury term premium — now at a 12-year high — and Bitcoin price movements. Additionally, there has been a significant accumulation of Bitcoin by major holders (whales), who historically anticipate major market rallies. This accumulation, along with favorable global investment trends, provides an extremely optimistic backdrop for Bitcoin’s future performance.
Strategic Factors Driving Bitcoin’s New Surge
Kendrick explains that since President Donald Trump’s recent announcement regarding a temporary suspension of tariffs on all countries except China, a shift has been detected in U.S. investors’ buying patterns, favoring non-U.S. assets like Bitcoin. He also highlights an important phenomenon: a strategic reallocation of funds from gold ETFs into Bitcoin ETFs, indicating that Bitcoin is increasingly viewed as a more efficient hedge against systemic financial risks due to its decentralized nature. Institutional investors are also expanding their positions, and upcoming 13F filings expected in May could reveal massive long-term buying by pension funds and sovereign wealth funds. Furthermore, retail investors are showing renewed enthusiasm, encouraged by the strong price momentum and increasing adoption by mainstream financial institutions.
Bitcoin Establishes Itself As The New Financial Safe Haven
Furthermore, expectations for potential U.S. stablecoin legislation could bring additional legitimacy to the crypto market, boosting Bitcoin demand as a store of value. Kendrick points out that Bitcoin offers a crucial advantage over gold: while the precious metal is more effective in covering geopolitical risks, Bitcoin proves superior when it comes to protecting against systemic financial instability. This is not the first time Kendrick has issued bold predictions; he recently forecasted explosive growth for Avalanche (AVAX) and XRP in the coming years. Although Standard Chartered clarifies that its analysts do not hold digital assets, their pro-crypto outlook sends a clear message: Bitcoin is poised to enter a new era of expansion.
