According to Kendrick, after US President Donald Trump announced a postponement of duties, the demand for the first cryptocurrency by American and Asian investors intensified.
“A number of signals indicate that bitcoin is moving to the next growth phase. The prize for the term of bonds of the US Treasury, with which the asset is closely correlating, is at a level close to the maximum over the past 12 years. Whales continue to accumulate bitcoins, and the positive dynamics of ETF shows the outcome of liquidity from gold back into the first cryptocurrency, ”said Kendrick.
The expert noted that Standard Chartered still adheres to a forecast for a bitcoin price of $ 200,000 until the end of 2025. The following growth catalysts in the summer can be an influx of institutional money, publishing reports on investment in spot ETF on Bitcoin in May and the adoption of a law on stablecoins in the United States, the analyst said.
Earlier, the head of the Bitcoin New York Digital Investment Group (Nydig) Greg Cipolaro, Bitcoin against the background of the winners list, along with the gold and the Swiss Frank.
Source: Bits
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