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