TechFlow, April 28 — According to The Block, Geoffrey Kendrick, Head of Global Digital Assets Research at Standard Chartered, stated in a recent report that Bitcoin is on track to reach a new all-time high of around $120,000 in the second quarter of 2025, maintaining his year-end 2025 target price of $200,000. Kendrick believes now is the time to buy Bitcoin, as multiple indicators support price appreciation, including U.S. investors' growing interest in non-U.S. assets, sustained accumulation by "whale" investors, and a safe-haven shift from gold to Bitcoin ETFs. He emphasized that due to its decentralized nature, Bitcoin serves as a more effective hedge against risks within the existing financial system than gold.
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