{"id":25760,"date":"2025-05-08T11:31:34","date_gmt":"2025-05-08T11:31:34","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25760"},"modified":"2025-05-08T11:31:34","modified_gmt":"2025-05-08T11:31:34","slug":"bitcoin-120000-price-target-may-be-too-low-says-standard-chartered-i-apologize","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25760","title":{"rendered":"Bitcoin $120,000 Price Target May Be Too Low, Says Standard Chartered: &#8216;I Apologize&#8217;"},"content":{"rendered":"<div>\n<p><strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) could surpass previous forecasts and hit new highs sooner than expected, according to <strong>Standard Chartered<\/strong>&#8216;s Head of Digital Assets Research, <strong>Geoffrey Kendrick<\/strong>, who acknowledged Monday that his earlier second-quarter price target of <a href=\"https:\/\/www.benzinga.com\/money\/bitcoin-price-prediction\">$120,000 may be too conservative<\/a>.<\/p>\n<p><strong>What Happened: <\/strong>In a note sent to clients, Kendrick revised his tone sharply, stating, &#8220;I apologize that my $120,000 Q2 target may be too low.&#8221;<\/p>\n<p>He cited accelerating inflows into <a href=\"https:\/\/www.benzinga.com\/money\/best-spot-bitcoin-etfs\">U.S. spot Bitcoin ETFs<\/a>, aggressive institutional buying and shifting global investor sentiment as key reasons for the bullish outlook.<\/p>\n<p>&#8220;The dominant story for Bitcoin has changed again,&#8221; Kendrick wrote. &#8220;It is now all &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/05\/45281333\/bitcoin-120000-price-target-may-be-too-low-says-standard-chartered-i-apologize\" alt=\"Bitcoin\" price target may be too low says standard chartered: apologize>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (CRYPTO: BTC) could surpass previous forecasts and hit new highs sooner than expected, according to Standard Chartered&#8216;s Head of Digital Assets Research, Geoffrey Kendrick, who acknowledged Monday that his earlier second-quarter price target of $120,000 may be too conservative. What Happened: In a note sent to clients, Kendrick revised his tone sharply, stating, &#8220;I [&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-25760","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\/25760","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=25760"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25760\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}