- Bitcoin could see new highs with $120K targeted by 2025.
- Institutional demand driving price predictions.
- Positive sentiment and economic data strengthen forecasts.
Bitcoin’s potential surge to $120K is driven by institutional interest, encouraging investor confidence and indicating strong market growth potential.
Kendrick, leading Standard Chartered’s digital assets research, revises Bitcoin’s estimated peak past $120K. His history of bullish forecasts, combined with institutional momentum, underscores his prediction. Institutional inflows to Bitcoin ETFs totaling $5.24 billion bolster Kendrick’s outlook.
“I apologise that my USD120k Q2 target may be too low,” reflecting greater optimism as Bitcoin approached $100,000 and institutional momentum built. — Geoffrey Kendrick, Head of Digital Assets Research, Standard Chartered
Bitfinex analysts highlight institutional demand and macroeconomic factors as crucial to Bitcoin’s potential ascent to $115,000 or higher, further enhancing market prospects. U.S. economic data and possible Federal Reserve rate cuts could influence market trajectories. Polymarket’s user sentiment shows a 75% likelihood of Bitcoin surpassing $120K by year-end, showcasing strong community involvement. Macro innovations and projections align with potential fiscal shifts, echoing past bull cycles.
