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Standard Chartered say they were wrong on US$120K BTC Q2 forecast - too low!
By: forexlive|2025/05/09 07:15:01
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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
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