Standard Chartered Forecasts $120K Bitcoin Target in 2025

Financial institution Standard Chartered has released a prediction on Bitcoin’s price, anticipating it could reach a new all-time high of $120,000 by the second quarter of 2025. The prediction, based on various factors, suggests a potential surge of around 25% from its current market value. This prediction is supported by a number of indicators, including the U.S. Treasury term premium, which has reached a historic high. According to Geoffrey Kendrick, Standard Chartered’s global head of digital assets research, this premium drives investors towards alternatives like Bitcoin when they seek higher returns for their investments.