He accurate Bitcoin has shot in recent weeks and, according to Geoffrey Kendrick, manager of digital assets of the Charter Investment Bank Standard, the end is far from being seen. In fact, the bank State The fact that his previous forecasts that Bitcoin reaches $ 120,000 in the second quarter was too conservative.
The price of Bitcoin has already exceeded the barrier of $ 100,000 and it seems that it is on the way to making a new maximum. The prediction of the bank therefore does not seem so far.
Strategic changes behind the rise of bitcoin
Kendrick predicts previously, as indicated in Bitcoin newsthat Bitcoin would increase to $ 120,000 in the second quarter of 2025. According to him, this should mainly be to a strategic capital reallocation, as well as to the increase in purchases of major holders of Bitcoin. Meanwhile, he declares that these factors are always true, but there is something more important into play: investment flows.
The dominant story has changed again. First there was a correlation with risk assets such as technological actions, then it was a strategic reallocation. Now everything is around tickets. And it comes from everywhere, ”explains Kendrick.
Bitcoin fund entries continue to increase
According to Standard Charterd, the main engine of the recent price increase is capital entry through Bitcoin Cités (ETF) funds in cash in the United States. In just three weeks, They entered In these funds, $ 5.3 billion.
If SO’s “basic strategies” compared to investment funds are excluded, which benefit from the price difference between species and term contracts, net tickets amount to more than $ 4,000 million.
Not only retail investors, but also large institutions seem to trust Bitcoin. For example, the software strategy (MSTR) now has 555,450 BTC. This represents 2.6% of the maximum available offer of 21 million. Plans to increase $ 84,000 million could increase this percentage greater than 6%.
Governments are also heard
Governments also opt for Bitcoin. Large investors such as the Abu Dhabi sovereign fund, the Swiss National Bank and Norges Bank (Norway) have taken Bitcoin positions or strategy actions.
The state of New Hampshire was the first state of the United States to approve a law for a strategic bitcoin reserve. This seems to indicate that political leaders are also increasingly preparing for a future in which Bitcoin plays a central role. According to Kendrick, this tends to a structural change on the market.
In addition, experts indicate the 13F SO-appeal reports which are expected for next week. These documents, which oblige American institutional investors to reveal their investments, could reveal the entry of more names in Bitcoin or in values related to the BTC.
Standard Charterd is expecting Bitcoin to continue to raise up to $ 200,000 this year. But one thing is certain: the cryptocurrency market is anything but boring.
Do you instantly want the latest cryptographic news? Follow us on Twitter / X