The crypto landscape is witnessing significant commentary from industry leaders, notably Geoffrey Kendrick, the Head of Digital Assets at **Standard Chartered Bank**. In a recent communication, Kendrick humorously noted that his target for **Bitcoin** advancement to **$120,000** this quarter may now seem conservative. His insights suggest a robust **bullish outlook**, attributing the anticipated rise to strategic **asset reallocations** away from traditional U.S. equities, as well as increasing activity from **whales** in the market.
Kendrick elaborated that the momentum behind Bitcoin is intensifying, with expectations set for it to reach an unprecedented high of **$120,000** by Q2 2025. Such predictions are underpinned by a significant shift in market dynamics, where Bitcoin is increasingly viewed as a mechanism for **capital flow diversification**, rather than merely a speculative asset. The prevailing **uptrend** is expected to extend into the summer months, potentially bringing year-end targets of **$200,000** within reach, a forecast that reflects growing confidence in the cryptocurrency market.