Standard Chartered Upgrades Bitcoin Price Forecast for Q2 2025 to Over $120K

Standard Chartered has revised its bitcoin price prediction for Q2 2025, now anticipating prices exceeding $120,000. The bank attributes this upward adjustment to a surge in institutional interest and inflows into Bitcoin ETFs. Analyst Geoffrey Kendrick notes the increase in Bitcoin holdings by institutional firms, which have driven value to over $53.8 billion. This surge is further bolstered by the influx of capital into US-listed spot ETFs, totaling over $5.3 billion within just three days. Kendrick admits his previous estimate may have been too conservative due to this heightened interest.