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Standard Chartered’s Geoffrey Kendrick Predicts Bitcoin Could Surge to $120,000 in 2025 Amid Strategic Reallocation

By: bitcoin ethereum news|2025/05/09 21:45:04
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The crypto landscape is witnessing significant commentary from industry leaders, notably Geoffrey Kendrick, the Head of Digital Assets at **Standard Chartered Bank**. In a recent communication, Kendrick humorously noted that his target for **Bitcoin** advancement to **$120,000** this quarter may now seem conservative. His insights suggest a robust **bullish outlook**, attributing the anticipated rise to strategic **asset reallocations** away from traditional U.S. equities, as well as increasing activity from **whales** in the market. Kendrick elaborated that the momentum behind Bitcoin is intensifying, with expectations set for it to reach an unprecedented high of **$120,000** by Q2 2025. Such predictions are underpinned by a significant shift in market dynamics, where Bitcoin is increasingly viewed as a mechanism for **capital flow diversification**, rather than merely a speculative asset. The prevailing **uptrend** is expected to extend into the summer months, potentially bringing year-end targets of **$200,000** within reach, a forecast that reflects growing confidence in the cryptocurrency market. Source: https://en.coinotag.com/breakingnews/standard-chartereds-geoffrey-kendrick-predicts-bitcoin-could-surge-to-120000-in-2025-amid-strategic-reallocation/

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