Standard Chartered Bank has made another prediction on Bitcoin (BTC-USD), saying it could soon reach a new all-time high of $120,000 in the second quarter of 2025.
At the time of writing, Bitcoin’s price is around $95,000, so according to the prediction, it will rise about 25% from its current price. On Jan 20, 2025, Bitcoin has reached its all-time high of $108,786.
Geoffrey Kendrick, the bank’s global head of digital assets research, explained that several strong signals suggest Bitcoin is ready for its next big move. He also believes Bitcoin could reach $200,000 by the end of 2025 — more than double its current value.
One major reason behind this bullish outlook is the U.S. Treasury term premium. This is the extra return investors want for holding long-term U.S. government bonds instead of short-term ones. Right now, the term premium is at a 12-year high.
Kendrick said this has a close connection with Bitcoin prices — when confidence in U.S. bonds drops, investors often look for alternatives like Bitcoin.
Another important factor is that large Bitcoin holders, often called “whales” (those holding over 1,000 BTC), have steadily accumulated Bitcoin. Historically, when whales buy heavily, Bitcoin prices tend to rise soon after. Similar whale buying was seen during important moments like the Silicon Valley Bank collapse, Bitcoin ETF approvals, and Trump’s election win.
There’s also a noticeable shift from gold to Bitcoin. Recent ETF (exchange-traded fund) flows show that investors are moving their money from gold into Bitcoin. This suggests growing trust in Bitcoin’s role as a store of value, especially during uncertain times.
Kendrick also noted that after President Donald Trump announced a 90-day tariff pause for most countries (except China) on April 9, U.S. investors started buying more Bitcoin. Before that announcement, Bitcoin moved closely with tech stocks. Since then, Bitcoin has outperformed them, signaling that American investors are seeking non-U.S. assets like Bitcoin.
Looking ahead, Kendrick expects the momentum to continue over the summer. Key events like the release of 13F filings in May (which could show big funds buying Bitcoin) and possible U.S. stablecoin legislation could further boost Bitcoin’s legitimacy and price.
While Bitcoin’s moves are never easy to time, Kendrick made it clear: “Now is the time to buy.”
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