Standard Chartered analyst: The previously set target of 'BTC Q2 to $120000' was too conservative, and funds are pouring in in in various forms

According to BlockBeats, on May 9th, Geoffrey Kendrick, head of digital assets at Standard Chartered Bank, shared a half joking comment with clients via email on Thursday: "I'm sorry that my target of reaching $120000 for Bitcoin in the second quarter may be too low Last month, Kendrick wrote in a report that he expects Bitcoin to reach a historic high of around $120000 in the second quarter of 2025, due to "strategic asset reallocation from US assets" and "accumulation of 'whales' (major holders)". We expect these supporting factors to push Bitcoin to a new historical high of around $120000 in the second quarter, and the rally will continue throughout the summer, bringing Bitcoin closer to our year-end forecast of $200000 On Thursday, Kendrick stated that his previous prediction of a Bitcoin price of $120000 now "looks very easy to achieve" and may even be too low. The main narrative of Bitcoin has changed again, "said the analyst at Standard Chartered Bank." It used to be associated with risky assets... and later became a way of strategic asset reallocation from US assets. Now it's all about capital flow. Funds are pouring in in in various forms