Standard Chartered Bank: Bitcoin is expected to rise to $120,000 in Q2

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According to ChainCatcher, Stan Druckenmiller predicts that Bitcoin will rise to $120,000 in the second quarter, mainly due to capital outflows from US assets. He believes now is a good time to buy Bitcoin and maintains a target of $200,000 by the end of 2025.

He points out that strong buying from US investors and "whale" investors, along with ETF capital inflows, indicate that Bitcoin will continue to rise. Additionally, increased institutional interest and potential stablecoin legislation also support Bitcoin's price appreciation.

Bitcoin is currently priced at around $95,500, with its all-time high being $108,786.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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