Bitcoin Could Surge to $120K in Q2, Marking a New Record, According to Standard Chartered.

Bitcoin Could Soar to $120,000 in Q2, Driven by Shift Away from U.S. Assets, Standard Chartered Predicts

Bitcoin is on track to reach a new all-time high of $120,000 in the second quarter of 2025, driven by a strategic move away from U.S. assets, according to Geoff Kendrick of Standard Chartered. In a report issued Monday, Kendrick reaffirmed his forecast of $200,000 for Bitcoin by the end of this year.

At the time of writing, Bitcoin was trading at approximately $95,300.

Kendrick highlighted several factors fueling this prediction. The U.S. Treasury term premium, which has historically been linked to Bitcoin’s price movements, has surged to a 12-year peak. Furthermore, large investors (or “whales”) have been accumulating Bitcoin at a rapid pace. Additionally, analysis of Bitcoin’s trading patterns suggests that American investors are increasingly seeking exposure to non-U.S. assets.

Recent trends in exchange-traded fund (ETF) flows also suggest that gold investors are reallocating into Bitcoin as a “safe haven.”

“Given its potential to hedge against financial system risks, Bitcoin might be a more effective safeguard than gold,” Kendrick stated.