Bitcoin is forecasted to reach an all-time high of $120,000 in this quarter, with predictions suggesting it could hit $200,000 by year-end. Standard Chartered attributes this bullish outlook to significant reallocations by U.S. investors towards Bitcoin due to rising yields and accumulation by large holders, indicating a potential safe-haven shift from gold to BTC. Recent data shows a weekly influx of over $3.4 billion into crypto funds, predominantly in Bitcoin, with its price rising nearly 9% recently amidst optimism regarding U.S. trade policies. The bank's Global Head of Digital Assets Research, Geoffrey Kendrick, noted that strategic asset reallocations could drive significant price increases in the near future. Historically, Bitcoin has shown patterns where sharp price increases are followed by consolidation phases, suggesting careful timing is essential for maximizing gains. Kendrick anticipates the price rally to continue through the summer, making waves in the cryptocurrency market as investors adapt to changing economic conditions.

Source đź”—