Scene's Scoop on Bitcoin: Unleashing the Crypto Bull!
Bitcoin Prepared for Potential Record High Prices This Quarter Due to Asset Redistribution: Standard Chartered Report
Trend Alert: Bitcoin is gearing up for an explosive surge, set to hit an all-time high of $120,000 this quarter and reaching an jaw-dropping $200,000 by year's end!
That's according to an analyst at Standard Chartered, who dropped this bombshell in a Monday note. The bank's digital assets guru, Geoffrey Kendrick, points to a handful of red-hot indicators as signs we're about to witness a massive crypto bull run.
Kendrick's four-alarm warning on the horizon includes rising yields—a correlative with past Bitcoin price jumps—whale accumulation (big-time investors stashing BTC), and a recent wave of Bitcoin-focused ETF inflows indicating a strategic "safe-haven reallocation from gold to BTC."
In essence, U.S.-based investors are reportedly on the hunt for hot non-U.S. assets, and Bitcoin tops that list. Kendrick expects this strategic reallocation will trigger the next devastating Bitcoin surge in the upcoming months.
Kendrick's prophesy is nothing new. Late last year, he confidently forecasted Bitcoin would reach $200,000 by the end of 2025. Even when Bitcoin's price slumped from an all-time high near $109,000 earlier this year, Kendrick remained steadfast.
Last week, Bitcoin began its steady climb back towards $94,707 per coin—courtesy of a recent $3.4 billion influx into crypto funds, with 93% pouring into Bitcoin-centric funds. Steady as she goes, Bitcoin has been on a roll after optimism taken root that U.S. President Donald Trump might ease trade tariffs that threaten to choke the global economy.
This high-flying crytpo has past patterns: sharp rises followed by months of sideways prices, but Kendrick believes timing these upswings is the key to making profits—even for a cryptocurrency that has soared dramatically in the last few years.
Bitcoin, once seen as a risky asset, may be gaining safe-haven status amongst investors, he noted, although it still moves in lock-step with tech stocks at times. But hey, with these kinds of forecasts, investors are champing at the bit. Buying time for summer, Kendrick expects Bitcoin to blast through the $200,000 barrier and beyond!
Edited by James Rubin
Subscribe to our Daily Debrief Newsletter!
Enrichment Data:The query appears to refer to a past time frame (2021), but based on the search results there is no mention of Standard Chartered's Geoffrey Kendrick or his predictions for Bitcoin in 2021. However, I can provide insights into Bitcoin price predictions during 2021 and highlight current predictions for 2025.
Historical Context for 2021
In 2021, Bitcoin experienced significant volatility, reaching a peak of $64,000 in April and November. Factors influencing the price at the time included global economic conditions, regulatory changes, and investor sentiment. While specific bullish forecasts from Standard Chartered's Geoffrey Kendrick for 2021 are not among the search results, the overall trend in 2021 was characterized by substantial growth and fluctuations.
Current Predictions for 2025
Looking ahead to current predictions for 2025, there is a notable bullish sentiment among some analysts:
- Price Targets: Some analysts predict that Bitcoin could reach $200,000 by the end of 2025. This optimism is based on factors like better macroeconomic conditions and regulatory clarity.
- Ascending Patterns: Bitcoin is observed to be in an ascending channel, with recent price recoveries supporting these predictions.
- Diverse Predictions: There are varied predictions, with some suggesting potential dips to around $87,000 or rises to $150,000 or even higher. These predictions underscore the ongoing speculative nature of the cryptocurrency market, with significant room for volatility and differing opinions among analysts.
- The Standard Chartered analyst, Geoffrey Kendrick, forecasted that Bitcoin would reach $200,000 by the end of 2025, just like he had predicted late last year.
- Some analysts are predicting that Bitcoin could hit an astounding $200,000 by 2025, citing factors such as better macroeconomic conditions and regulatory clarity.
- Even when Bitcoin's price slumped from an all-time high near $109,000 earlier this year, Geoffrey Kendrick remained steadfast in his belief that it would reach $200,000 by 2025.
- Geoffrey Kendrick's bullish predictions for Bitcoin are nothing new, as he confidently stated back in 2021 that it would climb to $200,000 by the end of 2025.
- With current predictions pointing towards Bitcoin reaching $200,000 by 2025, it's clear that cryptocurrency investing in this particular digital asset is still attracting significant attention from investors.
- The Ethereum price, at Eth, is also being closely watched by investors, as some see it as another promising cryptocurrency alongside Bitcoin.
- In the world of finance and technology, cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) continue to gain ground, with many noting that they could potentially serve as safe-havens for investors.
- As we approach 2025, more and more analysts are jumping on the crypto bandwagon, predicting that innovative digital assets will shape the landscape of finance and investing.
