Why Standard Chartered recommends buying bitcoin now

Jeffrey Kendrick, the head of the banking assets of the Bank Standard Chartered Bank, believes that Bitcoin “Buy Now is now” (Buy Now). The first cryptocurrency, according to Kendrick, can set a new record and grow to $ 120 thousand. Already in the second quarter of 2025, writes RBC Crypto.

In the new report, Kendrick emphasized that a number of factors signal the beginning of the next stage of bitcoin growth. This is the redistribution of capital from American assets, the active purchases of bitcoin “whales” and the outcome of gold products to Bitcoin through ETF.

After the US President Donald Trump about the 90-day delay for new trade duties, both American and Asian investors intensified the demand for Bitcoin, the report said. Kendrick also predicts that growth can continue in the summer against the background of an influx of institutional money, publishing reports on investment in Bitcoin-ETF in May and the possible adoption of the Law on Steiblcoins in the United States.

The bank retains the prediction of bitcoin prices at the end of 2025 at the level of $ 200 thousand. Although it is difficult to predict the exact time for breaking through the breakthroughs, ”the market already forms the conditions for further growth, the Kendrick report says.

At the end of January, after Bitcoin of a record of $ 109 thousand, Standard Chartered predicted a further growth of up to $ 130 thousand. In February -March, against the backdrop of institutional demand and cancellation of regulatory barriers for banks. However, soon after the publication of the forecast, the BTC rate rolled below $ 100 thousand and has not yet returned to these levels.

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