Bitcoin’s New ATH Prediction Is Just Around the Corner

Global financial giant Standard Chartered predicts that Bitcoin (BTC) will soon hit a new all-time high (ATH).

This prediction is supported by a number of factors that strengthen positive sentiment in the crypto market.

ETF Fund Surge and Institutional Purchases Are Key Catalysts

According to Geoff Kendrick, Head of Digital Asset Research at Standard Chartered, the increase in Bitcoin prices was driven by the influx of large funds into the US spot Bitcoin ETF.

In the past three weeks, this ETF recorded an inflow of US$5.3 billion, with a real net flow of more than US$4 billion after price adjustments.

In addition, companies such as Strategy (formerly MicroStrategy) have continued to increase their Bitcoin holdings significantly since the end of 2024, according to BitcoinTreasuries data.

Adoption by Institutions and States Increases Demand

Bitcoin is increasingly being accepted not only by institutional investors, but also by state entities.

Several sovereign wealth funds, such as those from Abu Dhabi, and state reserves in the US have begun to include Bitcoin in their portfolios.

The move reflects growing confidence in digital assets as a diversification and hedging tool.

Price Forecast: $120,000 Just Around the Corner

Based on these factors, Standard Chartered expects Bitcoin to hit $120,000 by the second quarter of this year.

Kendrick highlighted that the price increase is highly dependent on capital inflows into the market, either through ETFs or direct purchases by large institutions.

Conclusion: Bright Outlook for Crypto Market

Standard Chartered’s projections send an optimistic signal to the crypto market, affirming Bitcoin’s potential to set new price records in the near future.

With support from ETF funds, institutional accumulation, and country adoption, Bitcoin’s upward trend is expected to continue to strengthen.