Standard Chartered analyst: The previously set BTC target of $120,000 for Q2 was too conservative, and funds are pouring in in various forms.

[Standard Chartered Analyst: The previously set BTC target of $120,000 for Q2 is too conservative, funds are pouring in in various forms] Standard Chartered’s Head of Digital Assets, Geoffrey Kendrick, shared a half-joking comment with clients via email on Thursday: I apologize for what might be too low a target of $120,000 for Bitcoin in the second quarter. Last month, Kendrick wrote in a report that he expects Bitcoin to reach an all-time high of about $120,000 in the second quarter of 2025, due to the “strategic reallocation of assets from U.S. assets” and the accumulation by whales (major holders). We anticipate that these supporting factors will drive Bitcoin to a new historical high of about $120,000 in the second quarter, with the upward trend continuing throughout the summer, bringing Bitcoin closer to our year-end prediction of $200,000. On Thursday, Kendrick stated that his previous prediction of a $120,000 Bitcoin price now seems very achievable, and that this target might even be too low. The Standard Chartered analyst mentioned: The main narrative of Bitcoin has shifted again. It was once associated with risk assets… then it became a way to strategically reallocate assets away from U.S. assets. Now it is completely about capital flows. Capital is pouring in in various forms. (金十)