Standard Chartered: Three reasons may lead BTC to a new round of growth and a new high this quarter
Standard Chartered Bank analyst Geoff Kendrick once again pointed out that despite the downward trend of Bitcoin earlier this year, there are three reasons that will drive Bitcoin to a new round of upward trend this quarter and set a new historical high:
1. Economic turmoil enhances the attractiveness of Bitcoin, and the transfer of funds between safe-haven assets has already begun, with funds flowing from gold ETFs to Bitcoin ETFs, meaning that investors are starting to see Bitcoin as a better safe-haven asset than gold.
2. Purchase behavior triggered by tariffs, data shows that "Bitcoin whales" (investors holding more than 1000 bitcoins) have been accumulating bitcoins during the price decline triggered by tariffs.
3. More catalysts are forming, such as an increase in purchases by pension funds and sovereign wealth funds. Trump has previously emphasized the possible introduction of stablecoin legislation this summer.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BlockDAG, Solana, Monero, & PEPE Could Shape the Top-Performing Crypto Rankings in 2025
Want to know the top-performing crypto for 2025? See why BlockDAG’s 17,750 miners & 2,520% ROI lead the pack, along with strong contenders Solana, Monero, & PEPE.1. BlockDAG (BDAG): Massive Hardware Rollout and Market Momentum2. Solana (SOL): A Scalable Solution with Strong Developer Demand3. Monero (XMR): Privacy-Focused with Long-Term Resilience4. PEPE: A Meme Coin That Keeps Delivering Unexpected GainsWhich Crypto Has the Edge in 2025?
Best Crypto Presale: 3 New Crypto Projects Raising Millions And Attracting Investors
Nexchain, Solaxy, and BTC Bull shine in 2025 presales—AI, Solana scaling, and BTC rewards drive investor interest as the crypto market rebounds.Nexchain: Where AI Meets Autonomous BlockchainSolaxy: Scaling the Solana SurgeBTC Bull: Airdrop for Bitcoin MaxisNexchain Leads the Charge in 2025 Pre-Sales
XMR Price Surges & Tron (TRX) Price Action Gains Steam – but Unstaked’s AI-Powered Token Is the Smartest Buy
Tron (TRX) price action targets $0.73, Monero (XMR) price surge passes $400, but Unstaked’s $0.010126 presale and 2,700% ROI potential could overshadow them both.(TRX) Eyes $0.73 as 2025 Price Forecast Builds MomentumMonero (XMR) Surges Past $400: Is a New All-Time High on the Horizon?Unstaked Is the Future of Decentralized MarketingSumming Up
Pavel Durov and Elon Musk Teamed Up to Bring xAI’s Grok to Telegram’s 1B Users
Trending news
MoreCrypto prices
More
