The Charter Carted Standard suggests that the goal of the bitcoin price may be conservative

Jeffrey Kendrick, head of Standard Charterd, noted that the previously modified bitcoin price is $ 120,000 for the second quarter may be very conservative. In a light note, Kindrik said, “I apologize that my goal is Q2 Q2 USD120K may be very low.”

The suspension comes amid great fluctuations in cryptocurrency markets, where Bitcoin has shown a wonderful price movement in recent months. Kindrik statement suggests growth trust In the upward bitcoin path between institutional analysts, even as the digital currency continues to experience distinctive price fluctuations.

Institutional banks embrace encryption prediction

Standard Charterd, a major global Banking The Foundation has increasingly put itself as a voice in the analysis of the encrypted currency market. The role of Kendrick as head of digital assets is head Bank Commitment to provide visions about the emerging assets category to its customers and investors.

The target bitcoin price of $ 120,000 in the second quarter will increase significantly from the current levels. The conservative Kendrick vision now indicates this goal financial Foundation on the prospects for cryptocurrency in the short term.

This position represents a remarkable shift from doubts that have been expressed by many banking executives Digital assets In previous years. The major financial institutions gradually moved from the refusal of encrypted currencies to analyze it as legitimacy investment Vehicles.

The effects of the market for upward predictions

Price predictions of well -known financial institutions can affect market morale Investor behavior. When analysts from traditional banks make bold expectations about encrypted currency prices, it often gives credibility to the asset category Among the main investors.

While connected to humor, Kendrick’s comment bears weight investment Society due to Standard Chartard’s reputation. The bank’s willingness to spread specific prices for bitcoin is a maturity on how to traditional Financial approach Digital asset evaluation.

“I apologize for the goal of the Q2 USD120K may be very low”, “Jeffrey Kendrick, head of digital assets at Standard Charterd.

The timing of this statement coincides with the increase in institutional adoption of encrypted currencies, including:

• The approval and launch of the investment funds circulated in Bitcoin in US
• Permanent companies Cabinet Investments in Bitcoin
• Extension currency services provided by payment processors

Analyze the basis of optimistic goals

While Kendrick did not explain the specific factors that led him to suggest that his goal may be conservative, several Market dynamics You can support such an opinion. Bitcoin’s limited offer of 21 million coins creates a scarcity, especially with the increase in institutional demand.

Coded The market is historically Transfer in courses, with periods of rapid appreciation of prices followed by corrections. Analysts may determine the follow -up of these signs that indicate that the current upward movement has more space to operate than expected.

Organizational developments, technological progress, and all macroeconomic factors appearance Bitcoin price path. Standard Charted analysis is likely to include these variables in their modeling.

Market monitors note that the goals of prices from major banks are often a psychological anchor for investors. Whether Bitcoin reaches a sign of $ 120,000 in the second quarter, the prediction may affect trading strategies and Investment decisions Through the ecosystem of the encrypted currency.

With the continued digital assets to obtain the main current acceptanceThe expectations of traditional financial institutions will likely play a growing role in the formation of market accounts and investor expectations. Kendrick, though briefly, adds another point to the advanced relationship between traditional banking services and the encrypted currency.

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