Standard Chartered: Bitcoin Could Reach $130,000 Within Two Months! - Coin Bulletin

robot
Abstract generation in progress

**Geoff Kendrick, the currency and digital asset research chief at Standard Chartered, suggested that Bitcoin could rise to as high as $130,000 in the next two months.

An analyst stated that with the acceleration of institutional investment inflows, Bitcoin will first test its historical peak of $109,000, and then it may reach the range of $112,000 - $130,000.

Kendrick, stating that the Federal Reserve's decision not to change interest rates has provided relative stability to the markets, said that uncertainty has decreased before the next interest rate decision on March 19. However, he also emphasized that macroeconomic risks persist.

(# Institutional Investors Are Unleashed: Is a Rush to Bitcoin Beginning?

Kendrick stated that the U.S. Securities and Exchange Commission's decision to revoke the SAB 121 guide on crypto accounting rules will facilitate traditional financial institutions in providing digital asset custody services. With the removal of this regulatory barrier, he expressed that the entry of institutional investors into Bitcoin will accelerate.

)# Leverage Clean-up in the Bitcoin Market!

Kendrick said that recent market fluctuations cleared overleveraged positions. Following the announcement of DeepSeek's new low-cost artificial intelligence model, $1.1 billion worth of long positions were liquidated in Bitcoin futures. He indicated that the market has become healthier after this major selling wave.

Additionally, he noted that artificial intelligence could have a deflationary impact on inflation and that this could have a positive impact on risky assets such as Bitcoin. He added that Bitcoin is not directly related to artificial intelligence, but that AI-connected digital assets could see even greater gains.

STND-0.59%
BTC-0.8%
D-4.48%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)