StanChart analysts are sorry 120k Bitcoin price of the price “Pro Projector”

A Standard rent An analyst who predicted Bitcoin Hitting $ 120,000 in the second quarter now says his call is “too low”.

“I apologize that my goal of Q2 USD could be too low” Geoffrei Kendrick, Chartered Standard Head, told the comment in the cheek that was on Thursday’s e-mail.

Last month, Kendrick wrote a note that he expects Bitcoin to reach all the time of $ 120,000 in the second quarter of 2025. Year on the back of the “strategic redistribution of funds away from American assets” and “accumulation” (main owners) “.

“We expect that these support factors will push BTC at fresh all the time about $ 120,000 in K2,” Kendrick said at the time. “We see that it will be obtained during the summer, getting BTC-USD to our forecast at the end of the year of 200,000.”

Thursday, Kendrick said his call of 120,000 bitcoin in the amount of 120,000 bitcoin “seems to be very achieved” and that is even a low goal.

“The dominant story for Bitcoin changed again,” said the standard authorized analyst. “It was a correlation for risky assets … then it has become a way to set up for a strategic overview of assets from American property.”

“Now everything about the flows and flows come in many forms,” ​​he added.

His comments come once again as bitcoin Approaching the level of $ 100,000. The price of cryptocurrency was last seen trading for more than 3% to $ 99.293.54, according to metric metric coins. Even $ 99,89.00 rose before.

In recent years, analysts picked up on a form that will be at risk of funds such as shares in American technology – explanation that increases the influx of more institutional capital in Bitcoin makes it a series of market risks.

Kendrick – who kept the bull position on the cryptocurrency – said that American sport was Bitcoin for the last three weeks of $ 5.3 billion in the last three weeks, suggesting more institutional money.

He has shown several examples of large investors who assign a part of their portfolios in Bitcoin, including a software firm Microstrategi Ramping Up Bitcoin Shopping, Abu Dhbai Sovereign Wealth Fund Holds Blackrock’s Ibit Bitcoin ETF, and Switzerland National Bank buys microstrategic actions.

Microstrategi is widely considered Proxy for Bitcoin.