From Yahoo Finance: 2025-05-08 13:10:00

Standard Chartered’s Head of Digital Asset Research, Geoffrey Kendrick, revises his Bitcoin prediction, hinting that his $120,000 Q2 target may be too conservative due to growing institutional interest and inflows into U.S.-listed Bitcoin ETFs. Bitcoin ETFs in the U.S. have seen $5.3 billion in inflows in the last three days, surpassing hedge fund shorts at $1.2 billion. Kendrick predicts Bitcoin hitting $200,000 by the end of 2025 and $500,000 by 2038. The stablecoin market is projected to reach $2 trillion in the next three years, with U.S. legislation playing a key role in digital asset integration. The current valuation of the crypto sector stands at $3.09 trillion, with Bitcoin trading at $99,648.20 as per Kraken’s price feed.



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