Standard Charterd predicts the new bitcoin at all times in this quarter-here is the goal of the banking giant: Report
Bitcoin (BTC) can reach the highest new level ever in the coming weeks, according to a new report.
Jeffrey Kendrick, head of digital asset research in Standard Chartern, believes that Bitcoin is estimated at about 26 % of the current level and reaches a price of $ 120,000 before the end of Q2 2025, Reports Benzinga Crypto.
In a research note, Kindrik says that the increasing institutional demand and the desire of investors to transfer capital away from American assets are some factors that can pay bitcoin in the coming weeks.
Bitcoin is trading at $ 94,980 at the time of this report.
In the long run, Standard Charted drop Bitcoin to reach $ 200,000 by the end of 2025.
A Screenshot Among the standard rented research note dated April 28 indicates that Kindrik believes that Bitcoin provides a better hedge of gold against the financial risks provided by the private sector, such as the collapse of the bank or from the public sector, such as the failure to pay the debt issued by the government.
“We see that the primary purpose of Bitcoin in the governor of investors is a hedge against the risks to the current financial system. The escalation.”
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