Standard Chartered is reconsidering its US$120,000 BTC forecast for Q2 2025:
“I apologise that my USD120k Q2 target may be too low,”
Stan Chart see the crypto heading higher, citing:
strategic asset reallocation away from US assetsaccumulation by whalesdominant story for Bitcoin has changed ... it was correlation to risk assets … It then became a way to position for strategic asset reallocation out of US assets. It is now all about flows. And flows are coming in many forms.Stan Chart note flows:
US$5.3bn inflows to U.S. spot bitcoin ETFs over the last three weeksStrategy increasing bitcoin purchasesAbu Dhabi sovereign wealth fund holding BlackRock’s spot Bitcoin IBITSwiss National Bank reportedly holding shares of MSTR, often seen as a leveraged proxy for bitcoin This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about standard chartered say they were wrong on us 120k btc q2 forecast too low was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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