Standard Chartered Sees Bitcoin Reaching $120,000 by Q2 2025

Geoffrey Kendrick, head of digital assets research at Standard Chartered Bank, has forecast a bullish trend for the cryptocurrency market in particular for Bitcoin. In a recent report, he predicts that leading cryptocurrencies could reach a record high of $120,000 by Q2 2025. Kendrick attributes this expected price surge to shifts in investment strategies. Key drivers include expanding decentralized finance (DeFi) applications and growing institutional investments.