Bitcoin is on pace for a record-setting quarterly value as investors reallocate property: Standard Chartered

According to an analyst at Standard Chartered, Bitcoin will reach an all-time high of$ 120, 000 this quarter and does reach$ 200, 000 by the end of the year as investors increasingly withdraw money from U.S. resources, and based on other measures, according to a statement released on Monday. &nbsp,

Geoffrey Kendrick, the company’s global head of digital assets research, reaffirmed his optimistic predictions of recent months by highlighting rising yields, which have a correlation with prior Bitcoin price increases.

” U.S. based buyers may become seeking non-U.S. investment. ” S. resources,” which could result in more money entering the cryptocurrency, Kendrick wrote, citing in piece “time-of-day” research. He continued,” We anticipate that a strategic asset reallocation away from U.S. resources will cause the following significant uptick in Bitcoin in the upcoming months.”

By the end of 2025, Kendrick made his prediction late last year, when Bitcoin’s rate had fallen from an all-time great of$ 109, 000 earlier in the year, and he repeated it two months later.

As investors became more confident that Donald Trump may renounce his business taxes, which are threatening to devastate the world economy, bitcoin started to rise to its existing levels a week ago. &nbsp,

Bitcoin recently traded at$ 94, 707 per coin, according to CoinGecko, a provider of crypto data, after rising nearly 9 % over a seven-day period. More than$ 3.4 billion was invested by crypto funds last week, with 93 % of that money being focused on Bitcoin. &nbsp,

Kendrick even noted that “past price action in BTC, where sharp increases have been followed by decades of sideways costs, suggests that timing like upturn is crucial—even for an asset that has increased significantly in the past few years,” the statement continued. &nbsp,

Bitcoin has previously been viewed by buyers as a safe-haven property, though for a while. However, it has frequently shifted in line with “risk-on” assets, such as tech stocks. &nbsp,

We see increases going on all summers, helping BTC-USD to reach our year-end target of 200, 000, according to Kendrick.

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