Standard Chartered Doubles Down: Bitcoin Eyes $120K as U.S. Capital Floods In

Wall Street’s latest love affair with crypto just got hotter. Standard Chartered’s bullish $120K Bitcoin price target now looks conservative as U.S. investors pivot from traditional assets—proof that even bankers can spot a raging bull market when it kicks down their doors.

The institutional dam has broken. With ETFs sucking up supply and halving economics tightening the screws, BTC’s path to six figures looks less like speculation and more like simple math. Just don’t tell the SEC.

Funny how ’risky’ assets suddenly gain appeal when 10-year Treasuries can’t keep up with inflation. The great American capital migration is underway—and crypto’s the only frontier left with real yield.

Looking ahead, Kendrick expects momentum to build through the summer, fueled by growing institutional interest, new 13F filings from Bitcoin ETF holders, and potential regulatory support if stablecoin legislation passes.

He also argued that Bitcoin is becoming a more effective hedge against systemic financial risks compared to gold, as investors increasingly view BTC as the better alternative amid economic uncertainty.

Kendrick maintains his $200,000 Bitcoin target for the end of 2025. Outside of Bitcoin, he recently predicted Avalanche (AVAX) could 10x by 2029 and XRP could climb to $12.50 by 2028, while revising Ethereum’s 2025 forecast downward to $4,000.