Standard Chartered Pushes Bitcoin Prediction to $120,000...and Beyond!

Standard Chartered is now walking back its own Bitcoin prediction, because reality is catching up faster than it expected! What was once considered a bold forecast is now being re-evaluated as potentially too conservative. The banking giant Standard Chartered has made ripples in the financial world by predicting that the bitcoin price could reach $50,000 by the end of the year, and $120,000 by the end of 2025. But now, even that impressive figure might be in Bitcoin's rearview mirror.

On Thursday, Geoffrey Kendrick, head of crypto Standard Chartered had initially predicted that the Bitcoin price would reach $120,000 by Q2 of 2025, but with the current market surge, the firm now says the target needs reassessment. Standard Chartered analyst Geoffrey Kendrick apologizes for his Q2 2025 initial price forecast of $120,000 for Bitcoin, admitting that the target was too low. Kendrick states that he was too pessimistic, and the market's rapid growth has surprised even the most bullish analysts.

Standard Chartered’s Head of Digital Assets, Geoffrey Kendrick, is rethinking his bullish bitcoin forecast, and not because he was too optimistic. “I apologise that my… (initial forecast) was too low,” he reportedly stated. An analyst from the banking giant Standard Chartered is reportedly changing his price prediction for Bitcoin (BTC), predicting that the crypto king shoots up even higher. The question now isn't *if* Bitcoin will reach $120,000, but *when* and *how high* it will go beyond that milestone. Stay tuned for further updates as Standard Chartered revises its projections in light of Bitcoin's incredible momentum.