{"id":24156,"date":"2025-04-28T13:18:33","date_gmt":"2025-04-28T13:18:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24156"},"modified":"2025-04-28T13:18:33","modified_gmt":"2025-04-28T13:18:33","slug":"bitcoin-to-hit-new-all-time-high-around-120k-in-q2-standard-chartered","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24156","title":{"rendered":"Bitcoin to Hit New All-Time High Around $120K in Q2: Standard Chartered"},"content":{"rendered":"<div>\n<p>Strategic allocation away from U.S. assets by investors could see bitcoin hit a new all-time high in the second quarter of the year, Standard Chartered&#8217;s Geoff Kendrick said in a report Monday.<\/p>\n<p>Kendrick sees the world&#8217;s largest cryptocurrency as reaching $120,000 this quarter as he reiterated his previous target of $200,000 by the end of 2025. <\/p>\n<p>Bitcoin was trading around $95,300 at publication time.<\/p>\n<p>Kendrick noted that the U.S. Treasury term premium, which is closely correlated to the bitcoin price, is at a 12-year high. Accumulation by whales has also been strong. In addition, bitcoin time-of-day analysis suggests that American investors may be looking for non-U.S. assets, he said.<\/p>\n<p>Lastly, exchange-traded fund (ETF) flows in the last week suggest &#8220;safe-haven reallocation from gold into BTC,&#8221; wrote Kendrick.<\/p>\n<p>&#8220;Bitcoin may be a better hedge than gold against financial system risks,&#8221; he added.<\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/04\/10\/tariffs-trade-tensions-may-be-positive-for-bitcoin-adoption-in-medium-term-grayscale\"><span style=\"text-decoration:underline\">Tariffs, Trade Tensions May Be Positive for Bitcoin Adoption in Medium Term: Grayscale<\/span><\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Strategic allocation away from U.S. assets by investors could see bitcoin hit a new all-time high in the second quarter of the year, Standard Chartered&#8217;s Geoff Kendrick said in a report Monday. Kendrick sees the world&#8217;s largest cryptocurrency as reaching $120,000 this quarter as he reiterated his previous target of $200,000 by the end of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-24156","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24156"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24156\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}