Bitcoin is showing strong signs of growth and may hit new all-time highs soon, according to Standard Chartered. The bank’s head of digital assets research, Geoff Kendrick, believes Bitcoin could reach $120,000 by the end of this quarter (Q2 2025).
Big Money Is Flowing into Bitcoin
One of the main reasons for this optimism is the large amount of money flowing into spot Bitcoin ETFs (Exchange-Traded Funds). In the last three weeks alone, these ETFs received $5.3 billion in fresh investments. This shows that both institutional and retail investors are becoming more confident in Bitcoin.
Big Investors Are Buying More
Strategy (formerly MicroStrategy) has been increasing its Bitcoin holdings.The Swiss National Bank has started buying shares of Strategy.
Abu Dhabi’s wealth fund and other long-term global investors are also increasing their Bitcoin exposure.
These moves by big financial players are helping drive up demand for Bitcoin.
Bitcoin’s Recent Price Action
Bitcoin is currently trading at around $99,300, up 2.7% today. It recently touched a three-month high of $99,936, getting closer to its all-time high of over $69,000 set in November 2021.
Forecast: Bitcoin to Hit $120,000
Standard Chartered believes that if the current momentum continues, Bitcoin could hit $120K by the end of June 2025. Strong institutional interest, ETF inflows, and broader adoption are all contributing to this bullish outlook.
This article is for informational purposes only and not financial advice. Always do your own research before making investment decisions.
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