Standard Chartered say they were wrong on US$120K BTC Q2 forecast - too low!

Standard Chartered is reconsidering its US$120,000 BTC forecast for Q2 2025:

“I apologise that my USD120k Q2 target may be too low,”

Stan Chart see the crypto heading higher, citing:

• strategic asset reallocation away from US assets
• accumulation by whales
• dominant story for Bitcoin has changed ... it was correlation to risk assets … It then became a way to position for strategic asset reallocation out of US assets. It is now all about flows. And flows are coming in many forms.

Stan Chart note flows:

• US$5.3bn inflows to U.S. spot bitcoin ETFs over the last three weeks
• Strategy increasing bitcoin purchases
• Abu Dhabi sovereign wealth fund holding BlackRock’s spot Bitcoin IBIT
• Swiss National Bank reportedly holding shares of MSTR, often seen as a leveraged proxy for bitcoin

This article was written by Eamonn Sheridan at www.forexlive.com.

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