Standard Chartered Predicts 26% Bitcoin Surge to $120,000 by Q2 2025

Standard Chartered, a prominent multinational bank, has forecasted that Bitcoin (BTC) could reach a new all-time high in the coming weeks. According to Geoffrey Kendrick, the head of digital assets research at Standard Chartered, Bitcoin is expected to appreciate by approximately 26% from its current level, potentially reaching a price of $120,000 before the end of the second quarter of 2025.

Kendrick attributes this potential surge to several factors, including growing institutional demand and investors' inclination to shift capital away from US assets. These elements are seen as significant drivers that could propel Bitcoin's price higher in the near future. At the time of writing, Bitcoin is trading at $94,980.

Looking further ahead, Standard Chartered projects that Bitcoin could hit a price of $200,000 by the end of 2025. This long-term forecast underscores the bank's confidence in Bitcoin's potential as a valuable asset. A research note dated April 28th suggests that Kendrick views Bitcoin as a superior hedge against financial risks compared to gold. These risks include potential collapses in the private sector, such as bank failures, and public sector issues like defaults on government-issued debt.

Kendrick argues that Bitcoin's decentralized nature makes it a more effective hedge against financial system risks than gold. While gold is considered a better hedge against geopolitical risks and is less correlated with risky assets, Bitcoin's unique characteristics position it as a more robust safeguard against financial system vulnerabilities. This perspective highlights the strategic value of Bitcoin in diversified investment portfolios, particularly in the context of current economic uncertainties.