Odaily Planet Daily News Standard Chartered Bank Goficenda predicts that Bitcoin will rise to $120,000 in the second quarter, mainly due to the withdrawal of funds from US assets. He believes that now is a good time to buy Bitcoin and maintains the target of $200,000 by the end of 2025.
He pointed out that strong buying from US investors and "whale" investors, as well as ETF fund inflows show that Bitcoin will continue to rise. In addition, increased institutional interest and the possible passage of stablecoin legislation also support the upward trend of Bitcoin prices.
Bitcoin is currently priced at about $95,500, with a historical high of $108,786. (The Block)